The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Generali Investments Management Co LLC

Generali Investments Management Co LLC increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 140.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,395 shares of the technology company's stock after purchasing an additional 14,849 shares during the period. Generali Investments Management Co LLC's holdings in Trade Desk were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TTD. Investment Management Corp VA ADV bought a new stake in Trade Desk in the fourth quarter valued at about $25,000. Rialto Wealth Management LLC acquired a new stake in Trade Desk in the fourth quarter worth about $26,000. Midwest Capital Advisors LLC acquired a new position in shares of Trade Desk during the fourth quarter valued at approximately $34,000. Zions Bancorporation N.A. raised its stake 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. Institutional investors and hedge funds own 67.77% of the company's stock.

Insiders Place Their Bets

In other news, Director David B. Wells sold 28,638 shares of the firm's stock in a transaction dated 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 sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 17,018 shares of the company's stock, 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 owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TTD. UBS Group reduced their price objective on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Macquarie increased their price objective on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Rosenblatt Securities assumed coverage on shares of Trade Desk in a report on Tuesday, April 29th. They issued a "buy" rating and a $77.00 target price on the stock. Benchmark upgraded Trade Desk from a "sell" rating to a "hold" rating in a report on Friday, March 7th. Finally, HSBC set a $75.00 target price on Trade Desk and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $97.12.

Trade Desk Price Performance

NASDAQ TTD opened at $71.11 on Friday. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The stock has a market capitalization of $34.95 billion, a price-to-earnings ratio of 91.17, a PEG ratio of 3.11 and a beta of 1.29. The business's fifty day moving average price is $61.21 and its 200-day moving average price is $89.18.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.07. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The company had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same period in the previous year, the company posted $0.26 EPS. The firm's revenue was up 25.4% on a year-over-year basis. Equities research analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has approved a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is 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.

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