IQ EQ FUND MANAGEMENT IRELAND Ltd Has $629,000 Stock Holdings in The Trade Desk (NASDAQ:TTD)

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in The Trade Desk by 85.6%, now owning 11,504 shares valued at $629,000.
• CEO Jeffrey Terry Green sold 26,684 shares of The Trade Desk for over $2.1 million, marking a 61.06% reduction in his position.
• The Trade Desk reported a 25.4% increase in quarterly revenue to $616.02 million, surpassing analyst estimates significantly.

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in The Trade Desk (NASDAQ:TTD - Free Report) by 85.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,504 shares of the technology company's stock after buying an additional 5,305 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Trade Desk were worth $629,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gill Capital Partners LLC lifted its stake in shares of Trade Desk by 9.5% in the first quarter. Gill Capital Partners LLC now owns 4,375 shares of the technology company's stock valued at $239,000 after buying an additional 380 shares in the last quarter. ING Groep NV raised its holdings in shares of Trade Desk by 332.6% in the 1st quarter. ING Groep NV now owns 47,516 shares of the technology company's stock worth $2,600,000 after acquiring an additional 36,531 shares during the last quarter. Allianz SE lifted its position in Trade Desk by 268.0% in the 1st quarter. Allianz SE now owns 8,132 shares of the technology company's stock valued at $445,000 after acquiring an additional 5,922 shares in the last quarter. Raiffeisen Bank International AG boosted its stake in Trade Desk by 687.4% during the 1st quarter. Raiffeisen Bank International AG now owns 442,786 shares of the technology company's stock valued at $24,730,000 after purchasing an additional 386,553 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in Trade Desk by 168.5% during the 1st quarter. Blair William & Co. IL now owns 34,703 shares of the technology company's stock worth $1,899,000 after purchasing an additional 21,779 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the completion of the transaction, the chief executive officer directly owned 17,018 shares in the company, valued at $1,361,950.54. The trade was a 61.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the sale, the director owned 66,985 shares in the company, valued at $5,350,761.80. This trade represents a 29.95% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

Trade Desk Stock Up 4.3%

Shares of NASDAQ TTD opened at $89.76 on Tuesday. The company has a market cap of $44.11 billion, a P/E ratio of 109.46, a P/E/G ratio of 3.91 and a beta of 1.37. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53. The business has a 50-day simple moving average of $75.95 and a two-hundred day simple moving average of $73.88.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. Trade Desk's revenue was up 25.4% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. Equities research analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TTD. Arete Research upgraded Trade Desk to a "strong sell" rating in a report on Monday, July 28th. Rosenblatt Securities raised their price objective on Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 6th. DA Davidson reduced their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Wedbush reiterated an "outperform" rating and issued a $86.00 target price on shares of Trade Desk in a report on Tuesday, July 15th. Finally, Truist Financial raised their price target on shares of Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.73.

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.

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