Kentucky Retirement Systems acquired a new position in The Trade Desk (NASDAQ:TTD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,482 shares of the technology company's stock, valued at approximately $1,668,000.
Other large investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new stake in Trade Desk in the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC bought a new position in shares of Trade Desk during the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new position in shares of Trade Desk during the 4th quarter valued at approximately $34,000. Zions Bancorporation N.A. increased its position in shares of Trade Desk by 148.3% during the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company's stock valued at $34,000 after purchasing an additional 175 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Trade Desk during the 1st quarter valued at approximately $43,000. Institutional investors own 67.77% of the company's stock.
Trade Desk Stock Performance
TTD stock traded up $2.97 during trading on Tuesday, reaching $71.84. 6,172,546 shares of the company traded hands, compared to its average volume of 6,249,977. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The business has a 50 day simple moving average of $66.40 and a 200 day simple moving average of $83.40. The company has a market capitalization of $35.31 billion, a price-to-earnings ratio of 87.61, a price-to-earnings-growth ratio of 3.16 and a beta of 1.41.
Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. During the same quarter last year, the company earned $0.26 earnings per share. The firm's revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on TTD. Guggenheim cut their target price on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. KeyCorp boosted their target price on Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Cfra Research raised Trade Desk to a "moderate buy" rating in a research report on Tuesday, March 25th. Royal Bank Of Canada cut their target price on Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Citigroup upped their price objective on Trade Desk from $63.00 to $82.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of "Moderate Buy" and an average price target of $97.15.
View Our Latest Stock Report on Trade Desk
Insider Activity at Trade Desk
In other Trade Desk news, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction dated 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 now owns 66,985 shares of the company's stock, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was 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 of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is owned by corporate insiders.
Trade Desk Company Profile
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Free Report)
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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