The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Everhart Financial Group Inc.

Everhart Financial Group Inc. lessened its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,790 shares of the technology company’s stock after selling 372 shares during the quarter. Everhart Financial Group Inc.’s holdings in Trade Desk were worth $536,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new stake in shares of Trade Desk during the fourth quarter worth $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $34,000. Zions Bancorporation N.A. boosted its holdings in shares of Trade Desk by 148.3% during the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Trade Desk during the fourth quarter worth $39,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $67.96 on Friday. The Trade Desk, Inc. has a 1 year low of $42.96 and a 1 year high of $141.53. The firm has a market cap of $33.40 billion, a price-to-earnings ratio of 87.13, a PEG ratio of 3.11 and a beta of 1.41. The stock’s 50-day simple moving average is $63.73 and its 200-day simple moving average is $86.89.

Trade Desk (NASDAQ:TTD) last announced its earnings results 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 business had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, research analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling

In related news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director now directly owns 66,985 shares in the company, valued at approximately $5,350,761.80. This trade represents a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 17,018 shares of the company’s stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TTD shares. Loop Capital cut their target price on Trade Desk from $145.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus cut their target price on Trade Desk from $122.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada cut their target price on Trade Desk from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. UBS Group cut their target price on Trade Desk from $116.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average target price of $97.15.

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.