Leonteq Securities AG Has $2.37 Million Stake in The Trade Desk $TTD

Leonteq Securities AG raised its holdings in shares of The Trade Desk (NASDAQ:TTD) by 43.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 104,386 shares of the technology company’s stock after purchasing an additional 31,464 shares during the quarter. Leonteq Securities AG’s holdings in Trade Desk were worth $2,369,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after buying an additional 169 shares during the period. Howard Capital Management Inc. grew its position in shares of Trade Desk by 2.3% during the 4th quarter. Howard Capital Management Inc. now owns 12,150 shares of the technology company’s stock worth $461,000 after buying an additional 275 shares during the period. Insigneo Advisory Services LLC increased its stake in shares of Trade Desk by 3.6% in the 3rd quarter. Insigneo Advisory Services LLC now owns 8,632 shares of the technology company’s stock valued at $423,000 after acquiring an additional 298 shares during the last quarter. Tema Etfs LLC increased its stake in shares of Trade Desk by 4.1% in the 4th quarter. Tema Etfs LLC now owns 7,600 shares of the technology company’s stock valued at $288,000 after acquiring an additional 302 shares during the last quarter. Finally, Visionary Wealth Advisors raised its position in shares of Trade Desk by 3.3% in the 2nd quarter. Visionary Wealth Advisors now owns 10,119 shares of the technology company’s stock valued at $728,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wedbush set a $21.00 price objective on shares of Trade Desk and gave the company a “neutral” rating in a report on Friday, May 8th. William Blair cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. DA Davidson set a $29.00 price target on shares of Trade Desk and gave the company a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada set a $33.00 price objective on shares of Trade Desk and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Oppenheimer downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.52.

Trade Desk Trading Down 0.3%

Shares of NASDAQ TTD opened at $19.10 on Friday. The firm has a market cap of $8.98 billion, a PE ratio of 21.70, a PEG ratio of 0.93 and a beta of 1.04. The Trade Desk has a 1-year low of $16.98 and a 1-year high of $91.45. The company has a fifty day moving average price of $20.85 and a 200 day moving average price of $26.18.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $678.87 million. During the same period last year, the company earned $0.33 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that The Trade Desk will post 1.17 EPS for the current year.

About Trade Desk

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.