Ashton Thomas Private Wealth LLC Sells 298 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Ashton Thomas Private Wealth LLC lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,988 shares of the technology company’s stock after selling 298 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Trade Desk were worth $766,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TTD. Baillie Gifford & Co. raised its stake in Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after buying an additional 1,720,650 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock worth $278,623,000 after acquiring an additional 270,800 shares in the last quarter. Jericho Capital Asset Management L.P. lifted its stake in shares of Trade Desk by 4.3% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after purchasing an additional 100,000 shares during the last quarter. Marshall Wace LLP grew its stake in Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after purchasing an additional 872,555 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Trade Desk by 12.3% in the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock worth $159,151,000 after purchasing an additional 177,832 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TTD. Susquehanna raised their price target on shares of Trade Desk from $135.00 to $150.00 and gave the company a “positive” rating in a report on Friday, November 8th. Bank of America initiated coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target on the stock. Wells Fargo & Company started coverage on Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective for the company. New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price on the stock. in a research note on Tuesday, October 29th. Finally, Wedbush increased their price target on Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.65.

Trade Desk Stock Down 3.0 %

Trade Desk stock opened at $127.25 on Thursday. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65. The firm has a market cap of $62.55 billion, a price-to-earnings ratio of 208.61, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47. The business’s 50-day moving average price is $114.45 and its 200 day moving average price is $102.09.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares in the company, valued at $3,269,019. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,556,291 shares of company stock valued at $169,960,852 in the last 90 days. 9.72% of the stock is currently owned by company insiders.

Trade Desk 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.