Principal Financial Group Inc. Purchases 44,096 Shares of The Trade Desk $TTD

Principal Financial Group Inc. grew its position in The Trade Desk (NASDAQ:TTD) by 9.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 533,146 shares of the technology company’s stock after acquiring an additional 44,096 shares during the period. Principal Financial Group Inc.’s holdings in Trade Desk were worth $12,097,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TTD. Albion Financial Group UT acquired a new stake in Trade Desk during the 4th quarter worth $30,000. Root Financial Partners LLC grew its stake in Trade Desk by 219.4% in the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock valued at $30,000 after acquiring an additional 906 shares during the period. CVA Family Office LLC grew its stake in Trade Desk by 62.1% in the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after acquiring an additional 344 shares during the period. Bayforest Capital Ltd acquired a new position in Trade Desk in the fourth quarter valued at about $35,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Trade Desk in the first quarter worth about $36,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

TTD stock opened at $17.29 on Friday. The stock has a market capitalization of $8.13 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.81 and a beta of 1.04. The business has a 50-day moving average of $19.57 and a 200-day moving average of $24.16. The Trade Desk has a fifty-two week low of $16.70 and a fifty-two week high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) 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 the consensus estimate of $678.87 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts expect that The Trade Desk will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TTD shares. Wells Fargo & Company set a $20.00 price target on Trade Desk and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Citigroup reissued a “neutral” rating on shares of Trade Desk in a research note on Friday, May 8th. Needham & Company LLC dropped their target price on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Stifel Nicolaus set a $21.00 price target on shares of Trade Desk in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Hold” and a consensus target price of $33.43.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s 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 owned 13,099 shares of the company’s stock, valued at $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.41% of the stock is currently owned by company insiders.

Trade Desk 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.