Global Retirement Partners LLC Sells 925 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Global Retirement Partners LLC lowered its position in The Trade Desk, Inc. (NASDAQ:TTD) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,150 shares of the technology company’s stock after selling 925 shares during the quarter. Global Retirement Partners LLC’s holdings in Trade Desk were worth $674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. increased its position in shares of Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after acquiring an additional 163 shares during the last quarter. Riverview Trust Co acquired a new stake in Trade Desk during the 1st quarter worth about $27,000. Transcendent Capital Group LLC bought a new position in shares of Trade Desk during the 2nd quarter worth about $30,000. EdgeRock Capital LLC bought a new position in Trade Desk in the 2nd quarter valued at about $37,000. Finally, Quarry LP bought a new position in shares of Trade Desk during the 2nd quarter worth approximately $41,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $118.76 on Monday. The firm’s 50 day moving average is $107.16 and its 200-day moving average is $97.28. The stock has a market capitalization of $58.38 billion, a P/E ratio of 237.52, a P/E/G ratio of 5.72 and a beta of 1.48. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $119.43.

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

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This represents a 0.00 % decrease in their position. 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 283,429 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,556,542 shares of company stock worth $169,961,824. 9.72% of the stock is owned by insiders.

Analysts Set New Price Targets

TTD has been the subject of several research analyst reports. Susquehanna lifted their price objective on Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Stifel Nicolaus lifted their price objective on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Evercore ISI upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Moffett Nathanson began coverage on shares of Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 price target (up from $110.00) on shares of Trade Desk in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $112.97.

Trade Desk Company 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.