The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by STF Management LP

STF Management LP cut its position in The Trade Desk, Inc. (NASDAQ:TTD) by 9.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,408 shares of the technology company’s stock after selling 677 shares during the period. STF Management LP’s holdings in Trade Desk were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TTD. Venture Visionary Partners LLC increased its holdings in shares of Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Assetmark Inc. increased its stake in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the last quarter. Swiss National Bank raised its holdings in shares of Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Trade Desk by 5.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock valued at $9,179,000 after acquiring an additional 5,148 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in Trade Desk by 2.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 169,544 shares of the technology company’s stock worth $18,590,000 after purchasing an additional 3,846 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TTD shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. DA Davidson increased their price objective on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Moffett Nathanson assumed coverage on Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Royal Bank of Canada upped their price target on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, BTIG Research raised their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.08.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the transaction, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the sale, the insider now directly owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This trade represents a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,412,367 shares of company stock valued at $155,067,356. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Trading Up 2.7 %

Shares of TTD stock opened at $127.27 on Friday. The company has a market cap of $62.82 billion, a P/E ratio of 208.65, a PEG ratio of 5.41 and a beta of 1.47. The firm has a fifty day moving average price of $116.45 and a 200 day moving average price of $103.32. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $132.65.

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.