The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,856 shares of the technology company’s stock after buying an additional 797 shares during the period. First Trust Direct Indexing L.P.’s holdings in Trade Desk were worth $925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 9258 Wealth Management LLC raised its stake in shares of Trade Desk by 2.2% in the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock valued at $476,000 after acquiring an additional 131 shares in the last quarter. Latitude Advisors LLC boosted its holdings in Trade Desk by 5.0% in the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after purchasing an additional 133 shares in the last quarter. Level Financial Advisors Inc. grew its position in shares of Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of Trade Desk by 3.6% during the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock worth $324,000 after purchasing an additional 156 shares during the last quarter. Finally, Choreo LLC increased its position in shares of Trade Desk by 2.2% during the fourth quarter. Choreo LLC now owns 7,491 shares of the technology company’s stock worth $539,000 after purchasing an additional 158 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trade Desk

In other news, Director Kathryn E. Falberg sold 103,030 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the transaction, the director now owns 242,609 shares in the company, valued at approximately $19,869,677.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the transaction, the chief executive officer now owns 824,022 shares of the company’s stock, valued at approximately $69,605,138.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kathryn E. Falberg sold 103,030 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the completion of the transaction, the director now owns 242,609 shares in the company, valued at approximately $19,869,677.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 642,170 shares of company stock valued at $53,970,398. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Stock Up 0.5 %

NASDAQ TTD opened at $88.59 on Friday. The stock has a market cap of $43.32 billion, a price-to-earnings ratio of 246.09, a price-to-earnings-growth ratio of 4.86 and a beta of 1.50. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $94.00. The business has a fifty day moving average of $83.69 and a 200-day moving average of $75.83.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The firm had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Stifel Nicolaus upped their price target on shares of Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. KeyCorp raised their price target on Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Benchmark increased their price objective on Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.38.

Trade Desk 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.