Roman Butler Fullerton & Co. Invests $225,000 in The Trade Desk (NASDAQ:TTD)

Roman Butler Fullerton & Co. acquired a new position in The Trade Desk (NASDAQ:TTD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,111 shares of the technology company's stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TTD. Lyell Wealth Management LP grew its stake in Trade Desk by 24.3% during the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company's stock valued at $11,558,000 after acquiring an additional 19,204 shares in the last quarter. GAMMA Investing LLC boosted its stake in Trade Desk by 3,876.8% during the first quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after buying an additional 89,671 shares during the last quarter. Allworth Financial LP boosted its stake in Trade Desk by 46.3% during the fourth quarter. Allworth Financial LP now owns 5,470 shares of the technology company's stock valued at $660,000 after buying an additional 1,732 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Trade Desk during the 1st quarter valued at approximately $995,000. Finally, Principal Securities Inc. increased its stake in Trade Desk by 6.9% in the 4th quarter. Principal Securities Inc. now owns 7,675 shares of the technology company's stock worth $902,000 after acquiring an additional 496 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Up 1.5%

NASDAQ:TTD traded up $1.02 during mid-day trading on Thursday, reaching $68.66. The company's stock had a trading volume of 6,313,705 shares, compared to its average volume of 6,211,170. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The stock has a fifty day moving average of $64.79 and a 200-day moving average of $85.66. The firm has a market capitalization of $33.74 billion, a PE ratio of 83.73, a price-to-earnings-growth ratio of 3.10 and a beta of 1.41.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The firm had revenue of $616.02 million during the quarter, compared to analysts' expectations of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company's revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. On average, analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citizens Jmp reduced their price target on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. UBS Group reduced their target price on shares of Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group set a $125.00 target price on shares of Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 29th. 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, DA Davidson decreased their price objective on Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $97.15.

Insider Buying and Selling at Trade Desk

In related news, Director David B. Wells sold 28,638 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction on Monday, May 12th. The stock was 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 in the company, valued at $1,361,950.54. This 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.

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.