30,084 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Lighthouse Financial LLC

Lighthouse Financial LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,084 shares of the technology company's stock, valued at approximately $3,536,000. Trade Desk accounts for approximately 2.9% of Lighthouse Financial LLC's holdings, making the stock its 8th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC bought a new stake in shares of Trade Desk during the fourth quarter worth approximately $117,000. Park Square Financial Group LLC bought a new stake in shares of Trade Desk in the fourth quarter valued at about $47,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Trade Desk in the fourth quarter valued at about $24,963,000. Hall Capital Management Co. Inc. bought a new stake in shares of Trade Desk in the fourth quarter valued at about $236,000. Finally, Putney Financial Group LLC bought a new stake in Trade Desk during the fourth quarter worth about $2,447,000. Institutional investors own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTD. Evercore ISI lowered Trade Desk from an "outperform" rating to an "inline" rating and dropped their target price for the stock from $135.00 to $90.00 in a report on Thursday, February 13th. BMO Capital Markets lowered their price objective on Trade Desk from $160.00 to $115.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. KeyCorp raised their target price on shares of Trade Desk from $67.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Truist Financial upped their target price on Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Robert W. Baird dropped their price target on Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $97.12.

Insider Buying and Selling

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the sale, the director now owns 66,985 shares of the company's stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the chief executive officer now directly owns 17,018 shares in the company, valued at $1,361,950.54. The trade was a 61.06% decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Price Performance

Shares of TTD traded down $0.92 during trading hours on Friday, hitting $73.96. The stock had a trading volume of 6,878,665 shares, compared to its average volume of 6,039,785. The firm has a 50 day simple moving average of $59.58 and a 200-day simple moving average of $90.90. The firm has a market capitalization of $36.69 billion, a P/E ratio of 94.82, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53.

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

Trade Desk declared that its board has authorized a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Trade Desk 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.