RFG Advisory LLC Buys 351 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

RFG Advisory LLC grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,597 shares of the technology company’s stock after acquiring an additional 351 shares during the period. RFG Advisory LLC’s holdings in Trade Desk were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Level Financial Advisors Inc. raised its stake in shares of Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Trade Desk by 889.4% during 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 raised its stake in shares of Trade Desk by 56.5% during 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 bought a new stake in shares of Trade Desk during the fourth quarter worth approximately $42,000. Finally, Blue Trust Inc. raised its stake in shares of Trade Desk by 134.3% during 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. 67.77% of the stock is owned by institutional investors.

Trade Desk Price Performance

Shares of TTD opened at $97.71 on Monday. The firm has a market capitalization of $47.79 billion, a PE ratio of 244.28, a PEG ratio of 4.98 and a beta of 1.49. The company’s 50-day moving average is $90.50 and its 200-day moving average is $81.55. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $99.54.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. Analysts predict that The Trade Desk, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were 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 of the company’s stock, valued at $67,055,764.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Jeffrey Terry Green sold 66,007 shares of Trade Desk stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the sale, the chief executive officer now directly owns 1,051,622 shares in the company, valued at approximately $91,890,730.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Laura Schenkein sold 43,705 shares of Trade Desk 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 sale, the chief financial officer now owns 703,038 shares in the company, valued at $67,055,764.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 262,312 shares of company stock valued at $22,880,941. 10.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TTD has been the subject of several recent analyst reports. Susquehanna reaffirmed a “positive” rating and issued a $110.00 target price on shares of Trade Desk in a research note on Thursday, May 16th. Stifel Nicolaus upped their target price on shares of Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Loop Capital upped their target price on shares of Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Royal Bank of Canada upped their target price on shares of Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $105.00 target price on shares of Trade Desk in a research note on Thursday, May 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

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.