Waverly Advisors LLC Acquires 7,605 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Waverly Advisors LLC increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 167.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,156 shares of the technology company's stock after buying an additional 7,605 shares during the quarter. Waverly Advisors LLC's holdings in Trade Desk were worth $1,429,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Focus Financial Network Inc. raised its stake in Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock worth $456,000 after buying an additional 84 shares during the period. Quotient Wealth Partners LLC raised its stake in Trade Desk by 4.2% during the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock worth $276,000 after buying an additional 94 shares during the period. TFB Advisors LLC raised its stake in Trade Desk by 2.6% during the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock worth $442,000 after buying an additional 94 shares during the period. Centurion Wealth Management LLC raised its stake in Trade Desk by 2.6% during the 4th quarter. Centurion Wealth Management LLC now owns 3,773 shares of the technology company's stock worth $443,000 after buying an additional 96 shares during the period. Finally, Values First Advisors Inc. raised its stake in Trade Desk by 0.9% during the 4th quarter. Values First Advisors Inc. now owns 11,892 shares of the technology company's stock worth $1,398,000 after buying an additional 107 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the sale, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 owns 66,985 shares in the company, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company's stock.

Trade Desk Trading Down 0.2%

Shares of NASDAQ TTD opened at $74.33 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 fifty day simple moving average of $57.67 and a two-hundred day simple moving average of $92.67. The firm has a market cap of $36.87 billion, a price-to-earnings ratio of 95.29, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly 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 return on equity of 16.38% and a net margin of 16.08%. The firm had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. During the same period last year, the company earned $0.26 earnings per share. The business's revenue for the quarter was up 25.4% on a year-over-year basis. Analysts forecast that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has authorized a share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 0.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Cantor Fitzgerald dropped their price target on Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Royal Bank of Canada lowered their price objective on Trade Desk from $100.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. UBS Group lowered 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. Robert W. Baird lowered their price objective on Trade Desk from $160.00 to $145.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Susquehanna lowered their price objective on Trade Desk from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $97.12.

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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