The Trade Desk $TTD Shares Acquired by RFG Advisory LLC

RFG Advisory LLC grew its position in shares of The Trade Desk (NASDAQ:TTD) by 58.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,952 shares of the technology company’s stock after purchasing an additional 30,824 shares during the quarter. RFG Advisory LLC’s holdings in Trade Desk were worth $1,905,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TTD. OP Asset Management Ltd purchased a new position in Trade Desk in the first quarter valued at $991,000. Assenagon Asset Management S.A. increased its stake in shares of Trade Desk by 941.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,219,046 shares of the technology company’s stock valued at $73,040,000 after purchasing an additional 2,910,064 shares in the last quarter. Cache Advisors LLC purchased a new position in shares of Trade Desk in the 1st quarter valued at about $63,000. Brookstone Capital Management raised its holdings in Trade Desk by 29.0% in the 1st quarter. Brookstone Capital Management now owns 250,512 shares of the technology company’s stock worth $5,684,000 after purchasing an additional 56,297 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its holdings in Trade Desk by 82.0% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 35,596 shares of the technology company’s stock worth $808,000 after purchasing an additional 16,039 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on TTD shares. Stifel Nicolaus set a $21.00 price objective on Trade Desk in a report on Friday, May 8th. Rosenblatt Securities dropped their price target on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Evercore set a $27.00 price target on shares of Trade Desk in a report on Friday, May 8th. KeyCorp cut shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $26.00 price objective on shares of Trade Desk in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Hold” and a consensus price target of $33.91.

Trade Desk Price Performance

NASDAQ TTD opened at $18.37 on Friday. The stock’s 50 day simple moving average is $21.20 and its 200-day simple moving average is $26.82. The company has a market cap of $8.64 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. The Trade Desk has a 1-year low of $16.98 and a 1-year high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that The Trade Desk will post 1.17 EPS for the current fiscal year.

Insider Activity at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.41% of the stock is owned by company insiders.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.