SG Americas Securities LLC Sells 11,985 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

SG Americas Securities LLC lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 77.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,515 shares of the technology company’s stock after selling 11,985 shares during the period. SG Americas Securities LLC’s holdings in Trade Desk were worth $385,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its holdings in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after acquiring an additional 163 shares during the period. Riverview Trust Co purchased a new stake in Trade Desk in the first quarter worth $27,000. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the second quarter worth $30,000. EdgeRock Capital LLC purchased a new position in Trade Desk during the second quarter valued at $37,000. Finally, Quarry LP bought a new stake in shares of Trade Desk during the 2nd quarter valued at $41,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total value of $133,291.35. Following the transaction, the director now owns 32,701 shares of the company’s stock, valued at $3,216,797.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,557,897 shares of company stock valued at $170,095,115 in the last 90 days. Company insiders own 10.18% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of several research reports. Benchmark increased their price target on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research note on Friday, August 9th. Truist Financial lifted their target price on shares of Trade Desk from $108.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Wolfe Research initiated coverage on Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target on the stock. Oppenheimer raised their price objective on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Loop Capital boosted their target price on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $112.97.

Trade Desk Stock Performance

TTD stock opened at $118.76 on Friday. The company has a market cap of $58.09 billion, a price-to-earnings ratio of 296.70, a P/E/G ratio of 5.68 and a beta of 1.48. The business’s 50-day moving average is $106.77 and its two-hundred day moving average is $96.92. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $119.43.

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

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.