Wedbush Securities Inc. Has $1.60 Million Stock Holdings in The Trade Desk (NASDAQ:TTD)

Wedbush Securities Inc. boosted its position in The Trade Desk (NASDAQ:TTD - Free Report) by 36.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 29,175 shares of the technology company's stock after acquiring an additional 7,812 shares during the period. Wedbush Securities Inc.'s holdings in Trade Desk were worth $1,596,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Trade Desk by 19.9% during the 1st quarter. Venturi Wealth Management LLC now owns 5,842 shares of the technology company's stock valued at $320,000 after buying an additional 971 shares during the period. Oak Thistle LLC grew its stake in shares of Trade Desk by 80.8% during the 1st quarter. Oak Thistle LLC now owns 22,911 shares of the technology company's stock valued at $1,254,000 after buying an additional 10,240 shares during the period. Readystate Asset Management LP purchased a new position in Trade Desk in the first quarter valued at approximately $6,698,000. KLP Kapitalforvaltning AS raised its holdings in Trade Desk by 1.0% in the first quarter. KLP Kapitalforvaltning AS now owns 153,400 shares of the technology company's stock valued at $8,394,000 after buying an additional 1,500 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Trade Desk by 23.9% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 263,132 shares of the technology company's stock valued at $14,399,000 after buying an additional 50,736 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Up 1.3%

Shares of TTD traded up $1.14 during trading hours on Friday, hitting $86.14. The company had a trading volume of 6,028,690 shares, compared to its average volume of 10,183,930. The firm has a market cap of $42.33 billion, a price-to-earnings ratio of 105.05, a PEG ratio of 3.85 and a beta of 1.36. The business has a fifty day moving average of $74.30 and a 200-day moving average of $76.13. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53.

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, topping analysts' consensus estimates of $0.26 by $0.07. The firm 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 16.04% and a return on equity of 15.41%. The business's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, equities analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 value of $2,135,520.52. Following the sale, the chief executive officer directly owned 17,018 shares in the company, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David B. Wells sold 28,638 shares of the firm's 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 owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% 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.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Truist Financial upped their price target on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Macquarie upped their price target on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target for the company in a research report on Friday, June 27th. Morgan Stanley upped their price target on shares of Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Royal Bank Of Canada decreased their price target on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Eight 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 an average rating of "Moderate Buy" and an average price target of $98.73.

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.