Cerity Partners LLC Has $2.23 Million Holdings in The Trade Desk (NASDAQ:TTD)

Cerity Partners LLC reduced its stake in shares of The Trade Desk (NASDAQ:TTD) by 45.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,770 shares of the technology company’s stock after selling 34,353 shares during the quarter. Cerity Partners LLC’s holdings in Trade Desk were worth $2,231,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Investment Management Corp VA ADV bought a new stake in shares of Trade Desk in the 4th quarter worth about $25,000. Cloud Capital Management LLC bought a new stake in Trade Desk during the 1st quarter worth about $27,000. von Borstel & Associates Inc. acquired a new stake in Trade Desk in the 1st quarter valued at about $31,000. Zions Bancorporation N.A. lifted its position in shares of Trade Desk by 148.3% during the fourth quarter. Zions Bancorporation N.A. now owns 293 shares of the technology company’s stock worth $34,000 after purchasing an additional 175 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in shares of Trade Desk during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 26,684 shares of the business’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 transaction of $2,135,520.52. Following the completion of the sale, the chief executive officer directly owned 17,018 shares in the company, valued at approximately $1,361,950.54. The trade was a 61.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 owned 66,985 shares of the company’s stock, valued at approximately $5,350,761.80. This trade represents a 29.95% 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.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Trade Desk from $122.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Oppenheimer lifted their price objective on shares of Trade Desk from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, May 9th. Cfra Research raised shares of Trade Desk to a “moderate buy” rating in a research note on Tuesday, March 25th. Royal Bank Of Canada reduced their price objective on shares of Trade Desk from $100.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, DA Davidson dropped their target price on Trade Desk from $103.00 to $92.00 and set a “buy” rating for the company in a report on Friday, May 9th. Eight investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $98.48.

Trade Desk Price Performance

Trade Desk stock opened at $80.21 on Friday. The stock has a market capitalization of $39.42 billion, a price-to-earnings ratio of 97.82, a PEG ratio of 3.68 and a beta of 1.36. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The business has a fifty day moving average price of $73.96 and a 200-day moving average price of $76.90.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 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 analysts’ expectations of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, equities research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk Company 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.