The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Strategic Advisors LLC

Strategic Advisors LLC increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 1,211.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,065 shares of the technology company's stock after acquiring an additional 37,009 shares during the period. Strategic Advisors LLC's holdings in Trade Desk were worth $2,192,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Investment Management Corp VA ADV purchased a new stake in shares of Trade Desk during the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC purchased a new stake in Trade Desk during the fourth quarter worth $26,000. Midwest Capital Advisors LLC acquired a new stake in Trade Desk in the fourth quarter valued at $34,000. Zions Bancorporation N.A. grew its holdings in Trade Desk by 148.3% in 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, Kestra Investment Management LLC purchased a new position in shares of Trade Desk in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Buying and Selling at Trade Desk

In related news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction dated Tuesday, May 13th. The stock was 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 of the company's stock, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction that occurred 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 approximately $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. 9.74% of the stock is currently owned by insiders.

Trade Desk Stock Performance

NASDAQ TTD opened at $70.25 on Tuesday. The firm has a market capitalization of $34.52 billion, a price-to-earnings ratio of 90.06, a PEG ratio of 3.11 and a beta of 1.41. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The company's 50 day moving average price is $64.23 and its 200 day moving average price is $85.91.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping 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 business had revenue of $616.02 million for the quarter, compared to analysts' expectations of $575.62 million. During the same period in the previous year, the company posted $0.26 earnings per share. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. Sell-side analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTD has been the topic of a number of research reports. Cfra Research raised shares of Trade Desk to a "moderate buy" rating in a research note on Tuesday, March 25th. Morgan Stanley increased their price target on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Jefferies Financial Group set a $125.00 price objective on Trade Desk and gave the stock a "buy" rating in a research report on Tuesday, April 29th. UBS Group lowered their target price on Trade Desk from $116.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Loop Capital dropped their price target on Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $97.15.

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.

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