The Trade Desk (NASDAQ:TTD) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 21.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,040 shares of the technology company's stock after selling 5,694 shares during the period. Atria Wealth Solutions Inc.'s holdings in Trade Desk were worth $1,151,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TTD. Brown Advisory Inc. increased its holdings in shares of Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock worth $443,358,000 after buying an additional 5,387,339 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Trade Desk by 13.2% during the 4th quarter. Bank of America Corp DE now owns 3,591,849 shares of the technology company's stock worth $422,150,000 after buying an additional 418,911 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Trade Desk by 3.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,375,266 shares of the technology company's stock worth $396,696,000 after buying an additional 99,634 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Trade Desk by 16.6% during the 4th quarter. Northern Trust Corp now owns 3,090,014 shares of the technology company's stock worth $363,169,000 after buying an additional 439,725 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Trade Desk by 22.6% during the 4th quarter. Nuveen Asset Management LLC now owns 2,844,036 shares of the technology company's stock worth $334,260,000 after buying an additional 523,627 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TTD. Wells Fargo & Company downgraded shares of Trade Desk from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $74.00 to $68.00 in a report on Thursday, June 26th. Piper Sandler lowered their price objective on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday. Rosenblatt Securities reaffirmed a "buy" rating on shares of Trade Desk in a research report on Friday. BMO Capital Markets set a $98.00 price objective on shares of Trade Desk and gave the stock an "outperform" rating in a research report on Friday. Finally, DA Davidson lowered their price objective on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, Trade Desk presently has an average rating of "Moderate Buy" and a consensus target price of $92.18.

Trade Desk Stock Performance

NASDAQ TTD opened at $54.23 on Monday. The firm has a market cap of $26.65 billion, a PE ratio of 65.34, a P/E/G ratio of 2.46 and a beta of 1.37. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The firm's fifty day moving average is $76.31 and its two-hundred day moving average is $72.70.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.01). The business had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In other news, Director David B. Wells sold 28,638 shares of Trade Desk 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 owned 66,985 shares of the company's stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.00% 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.

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