The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by Arthur M. Cohen & Associates LLC

Arthur M. Cohen & Associates LLC raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 17.1% during the 1st quarter, Holdings Channel reports. The firm owned 7,538 shares of the technology company’s stock after buying an additional 1,103 shares during the quarter. Arthur M. Cohen & Associates LLC’s holdings in Trade Desk were worth $412,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in shares of Trade Desk in the 4th quarter valued at about $25,000. Rialto Wealth Management LLC purchased a new position in Trade Desk during the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new position in Trade Desk in the fourth quarter valued at approximately $34,000. Zions Bancorporation N.A. boosted its position in Trade Desk by 148.3% in the 4th quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Trade Desk during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In other Trade Desk news, 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 transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David B. Wells sold 28,638 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the sale, the director now directly owns 66,985 shares in the company, valued at $5,350,761.80. This trade represents a 29.95% 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.

Trade Desk Stock Up 2.2%

NASDAQ TTD opened at $76.05 on Thursday. The business’s fifty day simple moving average is $60.88 and its 200-day simple moving average is $89.50. The firm has a market cap of $37.37 billion, a PE ratio of 97.50, a P/E/G ratio of 3.11 and a beta of 1.29. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its 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 net margin of 16.08% and a return on equity of 16.38%. The company had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. During the same period in the previous year, the firm earned $0.26 earnings per share. Trade Desk’s quarterly revenue was up 25.4% compared to the same quarter last year. Research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TTD shares. DA Davidson decreased their target price on shares of Trade Desk from $103.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Oppenheimer lifted their price objective on shares of Trade Desk from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, May 9th. HSBC set a $75.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Royal Bank of Canada cut their price target 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. Finally, Benchmark raised Trade Desk from a “sell” rating to a “hold” rating in a report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.12.

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.