The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 32,253 shares of the technology company’s stock after selling 609 shares during the period. Private Advisor Group LLC’s holdings in Trade Desk were worth $3,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new position in shares of Trade Desk in the 1st quarter worth approximately $225,710,000. Marshall Wace LLP lifted its stake in Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after purchasing an additional 872,555 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Trade Desk by 3,973.6% during the second quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock worth $43,836,000 after buying an additional 437,967 shares during the period. Steadfast Capital Management LP grew its stake in shares of Trade Desk by 78.3% in the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock valued at $85,934,000 after buying an additional 431,600 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Trade Desk by 133.2% in the 1st quarter. BNP Paribas Financial Markets now owns 613,622 shares of the technology company’s stock valued at $53,643,000 after buying an additional 350,495 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In related news, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the completion of the sale, the chief financial officer now owns 693,953 shares in the company, valued at $68,930,351.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.33, for a total transaction of $310,902.90. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $68,930,351.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. 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 1,557,897 shares of company stock valued at $170,121,565 in the last ninety days. 10.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TTD shares. Benchmark raised their target price on Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a report on Friday, August 9th. Needham & Company LLC lifted their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Macquarie increased their target price on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Oppenheimer raised their price target on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Wolfe Research started coverage on Trade Desk in a research report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $112.97.

Trade Desk Stock Performance

Shares of TTD stock opened at $119.47 on Monday. The stock’s 50-day moving average is $109.08 and its two-hundred day moving average is $98.42. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $121.44. The firm has a market cap of $58.44 billion, a price-to-earnings ratio of 298.68, a PEG ratio of 5.73 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. As a group, research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current year.

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.