Integrated Advisors Network LLC Has $3.95 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Integrated Advisors Network LLC grew its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,129 shares of the technology company's stock after acquiring an additional 3,528 shares during the quarter. Integrated Advisors Network LLC's holdings in Trade Desk were worth $3,947,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TTD. Investment Management Corp VA ADV bought a new stake in shares of Trade Desk in the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $34,000. Zions Bancorporation N.A. raised its holdings in shares of Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock worth $34,000 after buying an additional 175 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $39,000. Institutional investors own 67.77% of the company's stock.

Insiders Place Their Bets

In other Trade Desk news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the transaction, the director now directly owns 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the sale, the chief executive officer now directly owns 17,018 shares in the company, valued at $1,361,950.54. This represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTD. Robert W. Baird dropped their target price on Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Cfra Research raised Trade Desk to a "moderate buy" rating in a report on Tuesday, March 25th. Rosenblatt Securities increased their target price on Trade Desk from $77.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Macquarie increased their target price on Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Evercore ISI cut Trade Desk from an "outperform" rating to an "inline" rating and dropped their price target for the company from $135.00 to $90.00 in a report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and an average target price of $97.15.

Trade Desk Trading Down 2.5%

Shares of NASDAQ:TTD traded down $1.80 during midday trading on Thursday, hitting $70.57. The company had a trading volume of 7,512,401 shares, compared to its average volume of 6,134,008. The Trade Desk, Inc. has a 12 month low of $42.96 and a 12 month high of $141.53. The stock has a market cap of $34.68 billion, a price-to-earnings ratio of 90.47, a PEG ratio of 3.11 and a beta of 1.41. The firm has a fifty day simple moving average of $63.27 and a 200 day simple moving average of $87.31.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm's revenue was up 25.4% on a year-over-year basis. During the same period last year, the company earned $0.26 EPS. Equities analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.