Atria Investments LLC Buys 10,549 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Atria Investments LLC grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTDGet Rating) by 67.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,254 shares of the technology company’s stock after buying an additional 10,549 shares during the period. Atria Investments LLC’s holdings in Trade Desk were worth $1,818,000 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. MUFG Americas Holdings Corp bought a new stake in shares of Trade Desk during the fourth quarter valued at approximately $26,000. Curi Wealth Management LLC bought a new stake in Trade Desk in the fourth quarter worth $27,000. Itau Unibanco Holding S.A. bought a new stake in Trade Desk in the fourth quarter worth $27,000. Outfitter Financial LLC bought a new stake in Trade Desk in the fourth quarter worth $32,000. Finally, Nvwm LLC increased its position in Trade Desk by 300.0% in the fourth quarter. Nvwm LLC now owns 400 shares of the technology company’s stock worth $36,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 63.40% of the company’s stock.

Insider Buying and Selling

In other Trade Desk news, Director David B. Wells acquired 17,500 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was bought at an average cost of $45.81 per share, with a total value of $801,675.00. Following the completion of the purchase, the director now directly owns 106,570 shares in the company, valued at $4,881,971.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TTD. Evercore ISI reduced their price target on shares of Trade Desk from $55.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, July 7th. Wells Fargo & Company reduced their price target on shares of Trade Desk from $120.00 to $100.00 in a research report on Wednesday, May 11th. Susquehanna reduced their price target on shares of Trade Desk from $125.00 to $95.00 in a research report on Wednesday, May 11th. Stifel Nicolaus raised shares of Trade Desk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $80.00 in a research note on Monday, May 16th. Finally, DA Davidson dropped their price objective on shares of Trade Desk from $105.00 to $65.00 in a research note on Thursday, May 12th. Five equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.29.

Trade Desk Trading Down 1.5 %

Shares of TTD opened at $46.56 on Tuesday. The firm has a market capitalization of $22.57 billion, a P/E ratio of 221.71, a P/E/G ratio of 6.85 and a beta of 2.18. The Trade Desk, Inc. has a 12-month low of $39.00 and a 12-month high of $114.09. The firm has a fifty day moving average price of $47.67 and a 200-day moving average price of $60.64.

Trade Desk (NASDAQ:TTDGet Rating) last issued its earnings results on Tuesday, May 10th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $315.32 million during the quarter, compared to analyst estimates of $304.28 million. Trade Desk had a net margin of 7.78% and a return on equity of 7.08%. The business’s revenue was up 43.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. Analysts predict that The Trade Desk, Inc. will post 0.29 earnings per share for the current year.

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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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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