Cim LLC trimmed its stake in shares of Trade Desk Inc (NASDAQ:TTD) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,881 shares of the technology company’s stock after selling 496 shares during the quarter. Trade Desk makes up 0.5% of Cim LLC’s portfolio, making the stock its 29th biggest position. Cim LLC’s holdings in Trade Desk were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Trade Desk during the fourth quarter valued at about $26,000. Financial Gravity Wealth Inc. purchased a new position in shares of Trade Desk during the 1st quarter valued at $62,000. Financial Architects Inc lifted its position in shares of Trade Desk by 114.1% during the 4th quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock valued at $35,000 after buying an additional 162 shares during the last quarter. Neuburgh Advisers LLC lifted its position in shares of Trade Desk by 77.8% during the 4th quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after buying an additional 154 shares during the last quarter. Finally, Private Capital Group LLC lifted its position in shares of Trade Desk by 139.3% during the 4th quarter. Private Capital Group LLC now owns 493 shares of the technology company’s stock valued at $57,000 after buying an additional 287 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

In other Trade Desk news, insider Jeffrey Terry Green sold 426,430 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $195.36, for a total value of $83,307,364.80. Following the completion of the sale, the insider now owns 153,152 shares in the company, valued at approximately $29,919,774.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul Ross sold 2,682 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $188.31, for a total value of $505,047.42. Following the completion of the sale, the chief financial officer now owns 38,864 shares of the company’s stock, valued at approximately $7,318,479.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 650,732 shares of company stock valued at $128,039,830. Company insiders own 17.44% of the company’s stock.

TTD stock traded up $11.08 during trading on Wednesday, hitting $196.34. 37,455 shares of the company traded hands, compared to its average volume of 1,710,784. The stock has a market capitalization of $7.79 billion, a PE ratio of 101.16, a P/E/G ratio of 5.82 and a beta of 2.93. Trade Desk Inc has a 1 year low of $73.72 and a 1 year high of $232.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.48.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 9th. The technology company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.42. Trade Desk had a return on equity of 24.41% and a net margin of 17.41%. The company had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $117.13 million. During the same period in the prior year, the business posted $0.34 EPS. Trade Desk’s quarterly revenue was up 41.2% compared to the same quarter last year. Analysts anticipate that Trade Desk Inc will post 1.66 EPS for the current year.

A number of equities analysts have weighed in on TTD shares. SunTrust Banks restated a “buy” rating and issued a $210.00 target price on shares of Trade Desk in a research note on Wednesday, March 27th. Zacks Investment Research upgraded Trade Desk from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. JMP Securities cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. BidaskClub cut Trade Desk from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Citigroup increased their target price on Trade Desk from $195.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $176.12.

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Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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