The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Fulcrum Capital LLC

Fulcrum Capital LLC cut its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 24.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,400 shares of the technology company’s stock after selling 1,100 shares during the quarter. Fulcrum Capital LLC’s holdings in Trade Desk were worth $373,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TTD. Global Assets Advisory LLC bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $2,626,000. Riverview Trust Co acquired a new position in Trade Desk in the first quarter worth approximately $27,000. Brookstone Capital Management increased its holdings in shares of Trade Desk by 33.6% in the first quarter. Brookstone Capital Management now owns 4,477 shares of the technology company’s stock valued at $391,000 after buying an additional 1,126 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Trade Desk by 6.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 28,421 shares of the technology company’s stock valued at $2,485,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Bouvel Investment Partners LLC boosted its stake in shares of Trade Desk by 2.0% during the 1st quarter. Bouvel Investment Partners LLC now owns 32,526 shares of the technology company’s stock worth $2,843,000 after acquiring an additional 623 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the transaction, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock worth $170,121,565 over the last 90 days. Insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TTD. Wolfe Research started coverage on Trade Desk in a report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price for the company. Morgan Stanley upped their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Benchmark lifted their target price on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research report on Friday, August 9th. Moffett Nathanson started coverage on shares of Trade Desk in a research report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price target for the company. Finally, Citigroup lifted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.97.

Trade Desk Trading Down 1.5 %

TTD stock opened at $117.17 on Thursday. The firm has a market cap of $57.60 billion, a PE ratio of 234.34, a PEG ratio of 5.73 and a beta of 1.48. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $120.78. The company has a fifty day simple moving average of $108.37 and a 200 day simple moving average of $97.88.

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