The Trade Desk, Inc. (NASDAQ:TTD) Stock Position Boosted by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC boosted its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 90.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,263 shares of the technology company's stock after buying an additional 11,032 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Trade Desk were worth $1,273,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TTD. Investment Management Corp VA ADV acquired a new position in Trade Desk during the fourth quarter worth about $25,000. Rialto Wealth Management LLC purchased 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 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 worth $34,000 after purchasing an additional 175 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Trade Desk in the 4th quarter valued at about $39,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the 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 transaction, the chief executive officer now owns 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David B. Wells sold 28,638 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TTD. Jefferies Financial Group set a $125.00 price objective on shares of Trade Desk and gave the company a "buy" rating in a report on Tuesday, April 29th. Morgan Stanley raised their target price on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Wells Fargo & Company decreased their price target on Trade Desk from $101.00 to $72.00 and set an "overweight" rating for the company in a report on Monday, March 31st. JMP Securities dropped their price objective on Trade Desk from $115.00 to $100.00 and set a "market outperform" rating on the stock in a report on Friday, May 9th. Finally, HSBC set a $75.00 target price on Trade Desk and gave the company a "buy" rating in a report on Wednesday, April 23rd. Seven 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.com, the company has an average rating of "Moderate Buy" and an average price target of $97.12.

Trade Desk Stock Performance

NASDAQ TTD traded down $4.94 during mid-day trading on Thursday, reaching $71.11. 12,279,160 shares of the stock were exchanged, compared to its average volume of 6,082,559. The stock has a market capitalization of $34.95 billion, a PE ratio of 91.17, a PEG ratio of 3.11 and a beta of 1.29. The business's fifty day simple moving average is $60.88 and its 200 day simple moving average is $89.50. 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 posted 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. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The company had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same quarter in the prior year, the company posted $0.26 EPS. The company's quarterly revenue was up 25.4% compared to the same quarter last year. On average, analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk declared that its board has approved a stock buyback plan on Wednesday, February 12th that authorizes the company to buyback $564.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

About Trade Desk

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.