The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp lowered its position in The Trade Desk, Inc. (NASDAQ:TTD) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,904 shares of the technology company’s stock after selling 921 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Trade Desk were worth $3,397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Park Avenue Securities LLC raised its position in Trade Desk by 15.8% during the fourth quarter. Park Avenue Securities LLC now owns 39,519 shares of the technology company’s stock worth $4,645,000 after acquiring an additional 5,405 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Trade Desk by 13.5% during the 4th quarter. Kathmere Capital Management LLC now owns 2,324 shares of the technology company’s stock valued at $273,000 after buying an additional 277 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Trade Desk by 276.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company’s stock worth $8,255,000 after acquiring an additional 51,603 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Trade Desk in the fourth quarter worth $1,489,000. Finally, Grandview Asset Management LLC lifted its position in shares of Trade Desk by 15.0% in the fourth quarter. Grandview Asset Management LLC now owns 5,199 shares of the technology company’s stock valued at $611,000 after acquiring an additional 679 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Up 2.5 %

Shares of NASDAQ TTD opened at $119.68 on Thursday. The business has a 50 day moving average price of $126.55 and a two-hundred day moving average price of $112.46. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53. The firm has a market cap of $59.07 billion, a PE ratio of 196.20, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wedbush boosted their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Stifel Nicolaus raised their target price on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Macquarie increased their price target on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Scotiabank assumed coverage on Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. Finally, Robert W. Baird increased their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $132.55.

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.