Teamwork Financial Advisors LLC Cuts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Teamwork Financial Advisors LLC lessened its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,916 shares of the technology company’s stock after selling 2,302 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Trade Desk were worth $1,416,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TTD. American International Group Inc. grew its position in Trade Desk by 1.1% in the 4th quarter. American International Group Inc. now owns 38,469 shares of the technology company’s stock worth $2,768,000 after purchasing an additional 409 shares during the period. Fisher Asset Management LLC purchased a new stake in Trade Desk during the fourth quarter valued at $306,000. PNC Financial Services Group Inc. lifted its holdings in Trade Desk by 1.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 54,754 shares of the technology company’s stock valued at $3,940,000 after acquiring an additional 736 shares during the period. HighPoint Advisor Group LLC purchased a new position in Trade Desk in the fourth quarter worth about $497,000. Finally, GAMMA Investing LLC grew its stake in shares of Trade Desk by 20.5% during the 1st quarter. GAMMA Investing LLC now owns 1,558 shares of the technology company’s stock valued at $136,000 after purchasing an additional 265 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the sale, the chief executive officer now owns 7,330 shares in the company, valued at approximately $846,615. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 80,649 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the sale, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at $846,615. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now directly owns 32,701 shares in the company, valued at approximately $3,216,797.37. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,557,897 shares of company stock worth $170,095,115. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Price Performance

Shares of TTD opened at $117.63 on Friday. The stock has a market capitalization of $57.54 billion, a price-to-earnings ratio of 294.08, a price-to-earnings-growth ratio of 5.68 and a beta of 1.48. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $118.90. The business’s 50 day simple moving average is $106.18 and its 200-day simple moving average is $96.77.

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, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Trade Desk’s revenue was up 25.9% on a year-over-year basis. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Macquarie raised their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Wolfe Research started coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price target on the stock. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Citigroup lifted their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird upped their price target on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.97.

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.