Mesirow Financial Investment Management Inc. Sells 7,500 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Mesirow Financial Investment Management Inc. decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 18.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 34,045 shares of the technology company’s stock after selling 7,500 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Trade Desk were worth $3,325,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TTD. Pinnacle Bancorp Inc. raised its stake in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after purchasing an additional 163 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Trade Desk during the 1st quarter worth approximately $27,000. Bogart Wealth LLC raised its stake in shares of Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk during the 2nd quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after purchasing an additional 418 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TTD shares. Royal Bank of Canada upped their price objective on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. KeyCorp boosted their target price on Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Wedbush reissued an “outperform” rating and set a $115.00 target price (up from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Oppenheimer boosted their target price on Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Morgan Stanley upped their price objective on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $109.05.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $39,682,694.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the transaction, the insider now directly owns 99,374 shares in the company, valued at $9,887,713. The sale was disclosed in a document filed 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 on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares of the company’s stock, valued at $39,682,694.40. The disclosure for this sale can be found here. Insiders sold 599,163 shares of company stock valued at $61,246,529 over the last ninety days. 10.18% of the stock is currently owned by insiders.

Trade Desk Stock Down 0.7 %

TTD stock opened at $105.37 on Tuesday. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $107.64. The stock’s 50 day moving average is $97.94 and its 200-day moving average is $92.22. The firm has a market capitalization of $51.54 billion, a PE ratio of 263.43, a P/E/G ratio of 5.03 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. Trade Desk’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

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.