2,437 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Acquired by Team Hewins LLC

Team Hewins LLC purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 2,437 shares of the technology company’s stock, valued at approximately $213,000.

A number of other large investors have also bought and sold shares of the business. Csenge Advisory Group grew its position in Trade Desk by 1.8% during the 1st quarter. Csenge Advisory Group now owns 7,869 shares of the technology company’s stock worth $688,000 after acquiring an additional 141 shares during the last quarter. Level Financial Advisors Inc. grew its position in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Trade Desk by 1.6% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock worth $669,000 after acquiring an additional 150 shares during the last quarter. Fiduciary Trust Co grew its position in Trade Desk by 1.1% during the 4th quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock worth $993,000 after acquiring an additional 150 shares during the last quarter. Finally, Cherry Creek Investment Advisors Inc. grew its position in Trade Desk by 0.7% during the 1st quarter. Cherry Creek Investment Advisors Inc. now owns 23,577 shares of the technology company’s stock worth $2,061,000 after acquiring an additional 153 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 2,600 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the sale, the chief executive officer now directly owns 974,022 shares in the company, valued at $84,165,241.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 2,600 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00. Following the completion of the sale, the chief executive officer now directly owns 974,022 shares in the company, valued at approximately $84,165,241.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,154 shares of company stock worth $31,128,226. Insiders own 10.18% of the company’s stock.

Trade Desk Trading Down 1.1 %

NASDAQ TTD traded down $1.05 on Thursday, hitting $98.77. 1,916,405 shares of the company’s stock were exchanged, compared to its average volume of 4,149,242. The stock has a 50-day moving average of $94.86 and a 200-day moving average of $83.76. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $102.67. The stock has a market cap of $48.31 billion, a price-to-earnings ratio of 246.66, a P/E/G ratio of 5.07 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. As a group, analysts predict that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

TTD has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Tuesday. Royal Bank of Canada increased their price objective on Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Truist Financial restated a “buy” rating and issued a $105.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. Finally, Susquehanna restated a “positive” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

Trade Desk Company 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.