Baron Wealth Management LLC Sells 352 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Baron Wealth Management LLC decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 10.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,077 shares of the technology company’s stock after selling 352 shares during the quarter. Baron Wealth Management LLC’s holdings in Trade Desk were worth $337,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk in the 2nd quarter worth about $30,000. EdgeRock Capital LLC purchased a new position in shares of Trade Desk in the 2nd quarter worth about $37,000. Quarry LP purchased a new position in shares of Trade Desk in the 2nd quarter worth about $41,000. Brown Lisle Cummings Inc. boosted its holdings in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TTD shares. Stifel Nicolaus boosted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Wells Fargo & Company initiated coverage on shares of Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Macquarie upped their price objective on shares of Trade Desk from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Moffett Nathanson initiated coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $122.65.

Trade Desk Stock Down 0.8 %

TTD stock opened at $117.26 on Tuesday. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The stock has a market cap of $57.88 billion, a P/E ratio of 192.23, a PEG ratio of 5.35 and a beta of 1.47. The business’s 50-day moving average price is $115.61 and its 200-day moving average price is $102.96.

Insider Activity

In other Trade Desk news, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now owns 178,853 shares of the company’s stock, valued at $19,432,378.45. The trade was a 10.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The trade was a 42.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,289 shares of company stock valued at $169,165,185 in the last ninety days. Corporate insiders own 9.72% of the company’s stock.

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.