Farther Finance Advisors LLC Purchases 2,141 Shares of The Trade Desk (NASDAQ:TTD)

Farther Finance Advisors LLC increased its position in The Trade Desk (NASDAQ:TTD) by 120.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,916 shares of the technology company’s stock after purchasing an additional 2,141 shares during the quarter. Farther Finance Advisors LLC’s holdings in Trade Desk were worth $224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTD. Brighton Jones LLC grew its stake in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing an additional 169 shares in the last quarter. Principal Securities Inc. grew its stake in Trade Desk by 6.9% in the fourth quarter. Principal Securities Inc. now owns 7,675 shares of the technology company’s stock worth $902,000 after purchasing an additional 496 shares in the last quarter. Allworth Financial LP grew its stake in Trade Desk by 46.3% in 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 in the last quarter. Empower Advisory Group LLC grew its stake in Trade Desk by 49.4% in the fourth quarter. Empower Advisory Group LLC now owns 18,608 shares of the technology company’s stock worth $2,187,000 after purchasing an additional 6,154 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in Trade Desk by 0.7% in the fourth quarter. D.A. Davidson & CO. now owns 57,969 shares of the technology company’s stock worth $6,813,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

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

Trade Desk Price Performance

Shares of TTD stock opened at $68.66 on Thursday. The firm has a market capitalization of $33.74 billion, a price-to-earnings ratio of 83.73, a price-to-earnings-growth ratio of 3.10 and a beta of 1.41. The business has a fifty day moving average of $64.79 and a 200 day moving average of $85.66. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. The company had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. As a group, equities research analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on TTD shares. HSBC set a $75.00 price objective on Trade Desk and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. JMP Securities cut their price target on Trade Desk from $115.00 to $100.00 and set a “market outperform” rating on the stock in a report on Friday, May 9th. DA Davidson cut their price target on Trade Desk from $103.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Piper Sandler lifted their price target on Trade Desk from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Finally, Jefferies Financial Group set a $125.00 price target on Trade Desk and gave the company a “buy” rating in a report on Tuesday, April 29th. Seven 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.com, the company has an average rating of “Moderate Buy” and an average target price of $97.15.

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.