Brighton Jones LLC decreased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,801 shares of the technology company’s stock after selling 658 shares during the quarter. Brighton Jones LLC’s holdings in Trade Desk were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in shares of Trade Desk during the third quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Trade Desk in the third quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Trade Desk in the third quarter worth approximately $29,000. Level Financial Advisors Inc. lifted its holdings in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.
Trade Desk Price Performance
NASDAQ:TTD opened at $88.59 on Friday. The company has a market cap of $43.32 billion, a P/E ratio of 246.09, a P/E/G ratio of 4.86 and a beta of 1.50. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $94.00. The stock’s fifty day moving average price is $83.69 and its two-hundred day moving average price is $75.83.
Analyst Upgrades and Downgrades
TTD has been the topic of several recent analyst reports. Susquehanna raised their price objective on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Stephens reissued an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Wells Fargo & Company upped their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. KeyCorp lifted their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.38.
View Our Latest Stock Report on TTD
Insider Activity
In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the sale, the chief executive officer now owns 824,022 shares of the company’s stock, valued at approximately $69,605,138.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 642,170 shares of company stock worth $53,970,398. 10.18% of the stock is owned by company insiders.
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.
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