The Trade Desk (NASDAQ:TTD) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. decreased its position in The Trade Desk (NASDAQ:TTD - Free Report) by 43.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,721 shares of the technology company's stock after selling 5,171 shares during the quarter. Values First Advisors Inc.'s holdings in Trade Desk were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TTD. Brighton Jones LLC boosted its holdings in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after purchasing an additional 169 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Trade Desk in the 4th quarter worth approximately $23,484,000. Andra AP fonden purchased a new position in shares of Trade Desk in the 4th quarter worth approximately $693,000. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Trade Desk by 8.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,744 shares of the technology company's stock worth $226,000 after purchasing an additional 133 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in shares of Trade Desk by 283.1% in the 4th quarter. Larson Financial Group LLC now owns 613 shares of the technology company's stock worth $72,000 after purchasing an additional 453 shares during the period. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

NASDAQ:TTD traded up $1.22 during mid-day trading on Thursday, hitting $76.85. 6,666,856 shares of the company's stock traded hands, compared to its average volume of 6,387,140. The company has a fifty day moving average of $71.06 and a 200 day moving average of $79.26. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The company has a market capitalization of $37.77 billion, a P/E ratio of 93.72, a P/E/G ratio of 3.40 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. During the same period in the prior year, the company posted $0.26 EPS. The firm's quarterly revenue was up 25.4% compared to the same quarter last year. On average, research analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. HSBC set a $75.00 target price on Trade Desk and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Macquarie boosted 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. Truist Financial boosted their price objective on Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, May 9th. Royal Bank Of Canada dropped their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Citizens Jmp dropped their price objective on Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Eight investment 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 stock has a consensus rating of "Moderate Buy" and a consensus target price of $97.27.

Insider Activity

In related news, Director David B. Wells sold 28,638 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the transaction, the director directly owned 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 17,018 shares in the company, valued at $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company's stock.

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.