Cetera Investment Advisers trimmed its position in shares of Trade Desk Inc (NASDAQ:TTD) by 39.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,082 shares of the technology company’s stock after selling 695 shares during the period. Cetera Investment Advisers’ holdings in Trade Desk were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new stake in Trade Desk during the 4th quarter valued at $26,000. Financial Architects Inc raised its holdings in Trade Desk by 114.1% during the 4th quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock valued at $35,000 after buying an additional 162 shares during the period. Neuburgh Advisers LLC raised its holdings in Trade Desk by 77.8% during the 4th quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after buying an additional 154 shares during the period. Private Capital Group LLC raised its holdings in Trade Desk by 139.3% during the 4th quarter. Private Capital Group LLC now owns 493 shares of the technology company’s stock valued at $57,000 after buying an additional 287 shares during the period. Finally, Financial Gravity Wealth Inc. purchased a new stake in Trade Desk during the 1st quarter valued at $62,000. 69.80% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Jeffrey Terry Green sold 426,430 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $195.36, for a total transaction of $83,307,364.80. Following the transaction, the insider now owns 153,152 shares of the company’s stock, valued at approximately $29,919,774.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul Ross sold 2,682 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $191.01, for a total value of $512,288.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 650,732 shares of company stock worth $128,039,830. Insiders own 17.44% of the company’s stock.
Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.42. Trade Desk had a return on equity of 24.41% and a net margin of 17.41%. The business had revenue of $121.00 million for the quarter, compared to analyst estimates of $117.13 million. During the same quarter last year, the firm posted $0.34 earnings per share. The business’s revenue was up 41.2% compared to the same quarter last year. Sell-side analysts predict that Trade Desk Inc will post 1.83 earnings per share for the current fiscal year.
Several research firms recently weighed in on TTD. SunTrust Banks restated a “buy” rating and set a $210.00 price target on shares of Trade Desk in a report on Wednesday, March 27th. Zacks Investment Research upgraded Trade Desk from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. JMP Securities lowered Trade Desk from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. BidaskClub lowered Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Citigroup increased their price target on Trade Desk from $195.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $177.83.
Trade Desk Company Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
Further Reading: Technical Analysis
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