SEB Asset Management AB bought a new position in shares of The Trade Desk (NASDAQ:TTD – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 88,437 shares of the technology company’s stock, valued at approximately $2,007,000.
A number of other institutional investors also recently bought and sold shares of TTD. Albion Financial Group UT purchased a new position in shares of Trade Desk in the fourth quarter valued at $30,000. Root Financial Partners LLC boosted its position in shares of Trade Desk by 219.4% in the 1st quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock worth $30,000 after buying an additional 906 shares in the last quarter. CVA Family Office LLC grew its stake in Trade Desk by 62.1% in the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after acquiring an additional 344 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Trade Desk in the 4th quarter valued at about $35,000. Finally, Ascentis Independent Advisors acquired a new stake in Trade Desk in the 1st quarter valued at about $36,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Trade Desk
In related news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the sale, the director owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.41% of the company’s stock.
Trade Desk Trading Down 4.5%
Trade Desk (NASDAQ:TTD – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The firm had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. On average, equities research analysts forecast that The Trade Desk will post 1.17 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have issued reports on TTD. Weiss Ratings cut shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. Stifel Nicolaus set a $21.00 price target on shares of Trade Desk in a research report on Friday, May 8th. Wedbush set a $21.00 price objective on shares of Trade Desk and gave the stock a “neutral” rating in a research note on Friday, May 8th. Scotiabank set a $20.00 price objective on Trade Desk in a research report on Monday, May 11th. Finally, Benchmark reaffirmed a “buy” rating on shares of Trade Desk in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.43.
Get Our Latest Report on Trade Desk
Trade Desk Company Profile
The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.
Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.
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