Teamwork Financial Advisors LLC cut its position in The Trade Desk, Inc. (NASDAQ:TTD – Get Rating) by 58.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 37,021 shares of the technology company's stock after selling 51,841 shares during the period. Teamwork Financial Advisors LLC's holdings in Trade Desk were worth $1,551,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Stephens Inc. AR raised its holdings in Trade Desk by 0.6% in the fourth quarter. Stephens Inc. AR now owns 26,103 shares of the technology company's stock worth $2,392,000 after buying an additional 155 shares during the last quarter. Bedel Financial Consulting Inc. raised its holdings in Trade Desk by 8.9% in the first quarter. Bedel Financial Consulting Inc. now owns 2,450 shares of the technology company's stock worth $170,000 after buying an additional 200 shares during the last quarter. PSI Advisors LLC raised its holdings in Trade Desk by 9.8% in the first quarter. PSI Advisors LLC now owns 2,246 shares of the technology company's stock worth $156,000 after buying an additional 200 shares during the last quarter. Shaker Investments LLC OH raised its holdings in shares of Trade Desk by 0.3% during the first quarter. Shaker Investments LLC OH now owns 78,476 shares of the technology company's stock valued at $5,434,000 after purchasing an additional 217 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Trade Desk by 6.1% during the first quarter. Kestra Private Wealth Services LLC now owns 3,827 shares of the technology company's stock valued at $265,000 after purchasing an additional 220 shares during the last quarter. 67.71% of the stock is owned by hedge funds and other institutional investors.
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Trade Desk Stock Performance
Shares of TTD traded up $1.36 during mid-day trading on Monday, reaching $61.11. The stock had a trading volume of 75,270 shares, compared to its average volume of 6,382,395. The firm has a market cap of $29.63 billion, a price-to-earnings ratio of 852.55, a PEG ratio of 11.86 and a beta of 1.88. The Trade Desk, Inc. has a 12 month low of $39.00 and a 12 month high of $114.09. The business has a fifty day moving average of $60.56 and a 200 day moving average of $56.75.
Trade Desk (NASDAQ:TTD – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.06). The firm had revenue of $376.96 million during the quarter, compared to the consensus estimate of $365.20 million. Trade Desk had a return on equity of 2.16% and a net
margin of 2.43%. The business's revenue for the quarter was up 34.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, research analysts forecast that The Trade Desk, Inc. will post 0.21 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Blake Jeffrey Grayson sold 3,676 shares of the company's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $72.50, for a total transaction of $266,510.00. Following the completion of the transaction, the chief financial officer now owns 197,858 shares in the company, valued at $14,344,705. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.79% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on TTD shares. KeyCorp boosted their price objective on shares of Trade Desk from $52.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, August 10th. Oppenheimer boosted their price objective on shares of Trade Desk from $60.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, August 10th. Royal Bank of Canada decreased their price objective on shares of Trade Desk from $85.00 to $75.00 in a report on Thursday, August 4th. Jefferies Financial Group decreased their price objective on shares of Trade Desk from $75.00 to $65.00 in a report on Thursday, August 4th. Finally, DA Davidson boosted their price objective on shares of Trade Desk from $65.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $83.75.
Trade Desk Profile
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Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.
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