The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Rakuten Securities Inc.

Rakuten Securities Inc. grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 525.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,082 shares of the technology company's stock after acquiring an additional 4,270 shares during the period. Rakuten Securities Inc.'s holdings in Trade Desk were worth $278,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TTD. Investment Management Corp VA ADV purchased a new stake in Trade Desk during the fourth quarter worth $25,000. Rialto Wealth Management LLC acquired a new position in shares of Trade Desk during the 4th quarter worth $26,000. Midwest Capital Advisors LLC purchased a new stake in shares of Trade Desk in the 4th quarter worth about $34,000. Zions Bancorporation N.A. boosted its position 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 stake in Trade Desk in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Transactions at Trade Desk

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 value of $2,287,603.44. Following the transaction, the director now owns 66,985 shares in the company, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction dated 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 now directly owns 17,018 shares of the company's stock, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TTD. Rosenblatt Securities lifted their target price on shares of Trade Desk from $77.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Royal Bank of Canada cut their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $84.00 target price on shares of Trade Desk in a research note on Friday, June 6th. HSBC set a $75.00 price target on Trade Desk and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Truist Financial upped their price objective on Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.15.

Trade Desk Stock Performance

TTD traded down $2.61 on Tuesday, reaching $67.64. 8,408,230 shares of the company's stock were exchanged, compared to its average volume of 6,184,902. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53. The company's 50 day moving average is $64.23 and its 200-day moving average is $85.91. The company has a market cap of $33.24 billion, a price-to-earnings ratio of 86.72, a PEG ratio of 3.11 and a beta of 1.41.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. Sell-side analysts forecast that The Trade Desk, Inc. 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.