The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by USA Financial Formulas

USA Financial Formulas lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 26.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,983 shares of the technology company’s stock after selling 3,626 shares during the period. USA Financial Formulas’ holdings in Trade Desk were worth $1,173,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TTD. Ithaka Group LLC raised its stake in shares of Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after acquiring an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC raised its position in Trade Desk by 33.0% in the 3rd 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 in the last quarter. Nordea Investment Management AB grew its position in shares of Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after buying an additional 358,350 shares in the last quarter. Assetmark Inc. increased its stake in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after buying an additional 70,687 shares during the period. Finally, Swiss National Bank raised its holdings in Trade Desk by 0.3% in the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after acquiring an additional 4,500 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Up 2.5 %

Shares of TTD opened at $119.68 on Thursday. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53. The company has a 50-day simple moving average of $126.55 and a 200-day simple moving average of $112.46. The company has a market capitalization of $59.07 billion, a PE ratio of 196.20, a P/E/G ratio of 3.76 and a beta of 1.45.

Insider Buying and Selling

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,086 shares of company stock worth $4,654,466 in the last three months. Corporate insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Citigroup boosted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Scotiabank started coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price target on the stock. Truist Financial raised their target price on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Macquarie increased their price target on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $132.55.

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.