The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 88.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 722 shares of the technology company’s stock after selling 5,447 shares during the period. Blue Trust Inc.’s holdings in Trade Desk were worth $85,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Foundations Investment Advisors LLC acquired a new stake in shares of Trade Desk in the third quarter worth $218,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Trade Desk in the third quarter valued at $240,000. Dakota Wealth Management boosted its stake in shares of Trade Desk by 5.5% in the third quarter. Dakota Wealth Management now owns 17,366 shares of the technology company’s stock valued at $1,904,000 after purchasing an additional 904 shares during the period. Mediolanum International Funds Ltd boosted its stake in shares of Trade Desk by 6.6% in the third quarter. Mediolanum International Funds Ltd now owns 33,807 shares of the technology company’s stock valued at $3,694,000 after purchasing an additional 2,098 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TTD shares. BTIG Research upped their target price on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird decreased their target price on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. JMP Securities decreased their target price on shares of Trade Desk from $150.00 to $115.00 and set a “market outperform” rating for the company in a research note on Thursday, February 13th. Citizens Jmp upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, January 21st. Finally, Oppenheimer reduced their price objective on shares of Trade Desk from $135.00 to $115.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $119.45.

Trade Desk Trading Down 4.8 %

NASDAQ:TTD opened at $72.06 on Monday. The Trade Desk, Inc. has a twelve month low of $71.61 and a twelve month high of $141.53. The company has a 50-day moving average of $115.27 and a 200-day moving average of $115.30. The firm has a market cap of $35.57 billion, a price-to-earnings ratio of 92.38, a price-to-earnings-growth ratio of 3.11 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. On average, research analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 0.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the sale, the insider now owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 over the last ninety 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.