Wedmont Private Capital Invests $235,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Wedmont Private Capital purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,711 shares of the technology company’s stock, valued at approximately $235,000.

Several other large investors have also made changes to their positions in TTD. Level Financial Advisors Inc. raised its holdings in Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after buying an additional 418 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after buying an additional 175 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Trade Desk in the fourth quarter worth about $42,000. Finally, Blue Trust Inc. lifted its position in shares of Trade Desk by 134.3% in the fourth quarter. Blue Trust Inc. now owns 628 shares of the technology company’s stock worth $49,000 after buying an additional 360 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $85.42, for a total transaction of $6,406,500.00. Following the transaction, the chief executive officer now directly owns 1,117,629 shares of the company’s stock, valued at $95,467,869.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now directly owns 703,038 shares in the company, valued at $67,055,764.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 337,312 shares of company stock valued at $29,287,441. 10.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Citigroup boosted their price target on Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Wedbush assumed coverage on Trade Desk in a research report on Monday, June 17th. They issued an “outperform” rating and a $110.00 price target for the company. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. DA Davidson lifted their price objective on Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada lifted their price objective on Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.69.

Trade Desk Price Performance

Shares of TTD opened at $97.71 on Friday. The company has a market capitalization of $47.79 billion, a P/E ratio of 244.28, a PEG ratio of 4.98 and a beta of 1.49. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $99.54. The business’s 50 day simple moving average is $90.50 and its 200-day simple moving average is $81.46.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. On average, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.85 EPS 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.