Oak Thistle LLC Purchases 10,240 Shares of The Trade Desk (NASDAQ:TTD)

Oak Thistle LLC boosted its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 80.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,911 shares of the technology company's stock after acquiring an additional 10,240 shares during the quarter. Oak Thistle LLC's holdings in Trade Desk were worth $1,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new position in Trade Desk during the 4th quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new stake in Trade Desk during the first quarter valued at $27,000. von Borstel & Associates Inc. acquired a new stake in Trade Desk during the first quarter valued at $31,000. Zions Bancorporation N.A. boosted its position in Trade Desk by 148.3% during the fourth 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, Alpine Bank Wealth Management acquired a new stake in Trade Desk during the first quarter valued at $35,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction on 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 owned 17,018 shares in the company, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. HSBC set a $75.00 price objective on Trade Desk and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Macquarie lifted their price objective on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Citizens Jmp decreased their price objective on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Truist Financial upped their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, DA Davidson decreased their price objective on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $98.73.

Trade Desk Stock Performance

Shares of TTD traded up $1.14 during trading hours on Friday, reaching $86.14. 6,028,690 shares of the company traded hands, compared to its average volume of 10,183,930. The stock's fifty day moving average is $74.30 and its 200 day moving average is $76.13. The stock has a market cap of $42.33 billion, a P/E ratio of 105.05, a price-to-earnings-growth ratio of 3.85 and a beta of 1.36. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced 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 business 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%. The firm's revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, equities research analysts predict that The Trade Desk will post 1.06 EPS for the current year.

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.