Parisi Gray Wealth Management Has $266,000 Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Parisi Gray Wealth Management grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.0% during the first quarter, Holdings Channel reports. The firm owned 4,852 shares of the technology company’s stock after purchasing an additional 318 shares during the period. Parisi Gray Wealth Management’s holdings in Trade Desk were worth $266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Trade Desk by 120.6% during the first quarter. Farther Finance Advisors LLC now owns 3,916 shares of the technology company’s stock worth $224,000 after purchasing an additional 2,141 shares during the period. Deane Retirement Strategies Inc. raised its position in shares of Trade Desk by 4.6% in the first quarter. Deane Retirement Strategies Inc. now owns 34,523 shares of the technology company’s stock valued at $1,891,000 after purchasing an additional 1,508 shares during the period. CMH Wealth Management LLC lifted its stake in shares of Trade Desk by 261.1% in the first quarter. CMH Wealth Management LLC now owns 203,648 shares of the technology company’s stock worth $11,144,000 after buying an additional 147,247 shares during the last quarter. Bangor Savings Bank bought a new stake in shares of Trade Desk during the 1st quarter worth $586,000. Finally, Park Avenue Securities LLC grew its stake in Trade Desk by 40.8% in the 1st quarter. Park Avenue Securities LLC now owns 55,641 shares of the technology company’s stock valued at $3,045,000 after buying an additional 16,122 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TTD shares. Cfra Research raised shares of Trade Desk to a “moderate buy” rating in a research report on Tuesday, March 25th. HSBC set a $75.00 price objective on Trade Desk and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. JMP Securities lowered their target price on Trade Desk from $115.00 to $100.00 and set a “market outperform” rating on the stock in a report on Friday, May 9th. Piper Sandler upped their price target on Trade Desk from $55.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Finally, Susquehanna lowered their price objective on shares of Trade Desk from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.15.

Trade Desk Price Performance

Shares of TTD stock opened at $71.46 on Monday. The stock’s fifty day simple moving average is $61.50 and its 200 day simple moving average is $88.34. The Trade Desk, Inc. has a one year low of $42.96 and a one year high of $141.53. The firm has a market cap of $35.12 billion, a price-to-earnings ratio of 91.62, a P/E/G ratio of 3.11 and a beta of 1.41.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. On average, research analysts anticipate that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.88, for a total value of $2,287,603.44. Following the transaction, the director now owns 66,985 shares of the company’s stock, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the transaction, the chief executive officer now owns 17,018 shares in the company, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.74% of the company’s stock.

About Trade Desk

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.