Mayflower Financial Advisors LLC Purchases 129 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Mayflower Financial Advisors LLC raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,187 shares of the technology company’s stock after acquiring an additional 129 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Trade Desk were worth $409,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TTD. Pinnacle Bancorp Inc. boosted its position in shares of Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after purchasing an additional 163 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $27,000. Bogart Wealth LLC lifted its position in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after acquiring an additional 222 shares in the last quarter. Transcendent Capital Group LLC bought a new position in Trade Desk in the 2nd quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp lifted its position in Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after acquiring an additional 418 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $103.54 on Friday. The company has a market capitalization of $50.64 billion, a P/E ratio of 258.85, a P/E/G ratio of 5.30 and a beta of 1.48. The company has a fifty day moving average of $97.57 and a 200 day moving average of $91.35. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $105.39.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares of the company’s stock, valued at approximately $18,337,951.12. The transaction 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 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 approximately $67,055,764.44. The disclosure for this sale can be found here. Insiders sold 642,868 shares of company stock valued at $65,415,112 in the last 90 days. Insiders own 10.18% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TTD. Oppenheimer upped their price objective on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Robert W. Baird upped their price objective on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Citigroup upped their price objective on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 9th. DA Davidson upped their price objective on Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $111.00 price objective (up from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $108.85.

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.