UMB Bank n.a. Has $89,000 Stake in The Trade Desk, Inc. (NASDAQ:TTD)

UMB Bank n.a. increased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 110.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,632 shares of the technology company’s stock after purchasing an additional 858 shares during the period. UMB Bank n.a.’s holdings in Trade Desk were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Lyell Wealth Management LP increased its position in shares of Trade Desk by 24.3% in the fourth quarter. Lyell Wealth Management LP now owns 98,339 shares of the technology company’s stock worth $11,558,000 after purchasing an additional 19,204 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Trade Desk by 5.4% during the 4th quarter. Yousif Capital Management LLC now owns 5,856 shares of the technology company’s stock valued at $688,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Trade Desk by 46.3% during the fourth quarter. Allworth Financial LP now owns 5,470 shares of the technology company’s stock worth $660,000 after purchasing an additional 1,732 shares during the last quarter. GAMMA Investing LLC grew its holdings in Trade Desk by 3,876.8% during the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company’s stock worth $5,033,000 after acquiring an additional 89,671 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of Trade Desk by 17.9% in the fourth quarter. Vontobel Holding Ltd. now owns 13,020 shares of the technology company’s stock worth $1,530,000 after purchasing an additional 1,974 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other news, Director David B. Wells sold 28,638 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the sale, the director now directly owns 66,985 shares of the company’s stock, valued at $5,350,761.80. The trade was a 29.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the sale, the chief executive officer now owns 17,018 shares in the company, valued at $1,361,950.54. The trade was a 61.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citizens Jmp decreased their target price on shares of Trade Desk from $115.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Evercore ISI downgraded Trade Desk from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $135.00 to $90.00 in a research note on Thursday, February 13th. BMO Capital Markets lowered their price objective on shares of Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group set a $125.00 target price on Trade Desk and gave the company a “buy” rating in a report on Tuesday, April 29th. Finally, UBS Group cut their price target on shares of Trade Desk from $116.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.15.

Trade Desk Trading Down 2.5%

TTD stock opened at $70.57 on Friday. The stock has a market capitalization of $34.68 billion, a price-to-earnings ratio of 90.47, a PEG ratio of 3.11 and a beta of 1.41. The firm’s 50-day moving average price is $63.27 and its two-hundred day moving average price is $87.31. The Trade Desk, Inc. has a 12-month low of $42.96 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Trade Desk’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.26 EPS. Equities analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current year.

About Trade Desk

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.