The Trade Desk, Inc. (NASDAQ:TTD) Holdings Trimmed by Advisory Services Network LLC

Advisory Services Network LLC decreased its stake in The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 12.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,467 shares of the technology company’s stock after selling 8,322 shares during the quarter. Advisory Services Network LLC’s holdings in Trade Desk were worth $4,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Trade Desk in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new stake in Trade Desk during the 3rd quarter worth about $26,000. Level Financial Advisors Inc. boosted its position in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares during the period. Ancora Advisors LLC raised its stake in shares of Trade Desk by 56.5% during the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in Trade Desk in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 2.4 %

Shares of TTD stock traded up $2.24 on Friday, reaching $94.75. The company’s stock had a trading volume of 2,000,214 shares, compared to its average volume of 4,339,095. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $97.65. The company has a market capitalization of $46.35 billion, a P/E ratio of 236.88, a PEG ratio of 4.99 and a beta of 1.50. The stock’s 50 day simple moving average is $86.53 and its 200-day simple moving average is $77.69.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 66,007 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the transaction, the chief executive officer now directly owns 1,051,622 shares of the company’s stock, valued at $91,890,730.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Kathryn E. Falberg sold 103,030 shares of Trade Desk stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $81.90, for a total transaction of $8,438,157.00. Following the completion of the transaction, the director now directly owns 242,609 shares in the company, valued at $19,869,677.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 66,007 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the completion of the transaction, the chief executive officer now owns 1,051,622 shares of the company’s stock, valued at $91,890,730.36. The disclosure for this sale can be found here. Insiders have sold a total of 471,637 shares of company stock valued at $39,915,515 over the last 90 days. 10.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Benchmark upped their price target on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research note on Friday, February 16th. Royal Bank of Canada increased their price target on Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Stifel Nicolaus increased their price objective on Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Piper Sandler restated an “overweight” rating and issued a $110.00 price target (up from $105.00) on shares of Trade Desk in a research note on Thursday, May 9th. Finally, Citigroup raised their price target on Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $93.01.

View Our Latest Report on TTD

Trade Desk Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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