Armstrong Advisory Group Inc. Decreases Position in The Trade Desk, Inc. (NASDAQ:TTD)

Armstrong Advisory Group Inc. decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 8.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 894 shares of the technology company’s stock after selling 86 shares during the period. Armstrong Advisory Group Inc.’s holdings in Trade Desk were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in Trade Desk by 2,885.7% during the second quarter. Federated Hermes Inc. now owns 60,491 shares of the technology company’s stock valued at $5,908,000 after purchasing an additional 58,465 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Trade Desk by 7.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 676,933 shares of the technology company’s stock valued at $66,116,000 after buying an additional 45,627 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in Trade Desk by 130.8% in the 2nd quarter. Edgestream Partners L.P. now owns 8,636 shares of the technology company’s stock worth $843,000 after buying an additional 4,895 shares during the period. Axxcess Wealth Management LLC boosted its holdings in Trade Desk by 11.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 5,625 shares of the technology company’s stock worth $549,000 after buying an additional 584 shares during the period. Finally, Amalgamated Bank raised its holdings in Trade Desk by 1.2% during the 2nd quarter. Amalgamated Bank now owns 29,871 shares of the technology company’s stock valued at $2,918,000 after acquiring an additional 349 shares during the period. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,086 shares of company stock worth $4,654,466 in the last ninety days. 9.72% of the stock is owned by insiders.

Trade Desk Trading Up 1.0 %

TTD opened at $120.84 on Friday. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53. The business’s 50-day moving average price is $126.31 and its 200-day moving average price is $112.51. The company has a market cap of $59.64 billion, a P/E ratio of 198.10, a P/E/G ratio of 3.76 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TTD. Scotiabank started coverage on Trade Desk in a report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price target for the company. BTIG Research lifted their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stifel Nicolaus increased 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. Loop Capital boosted their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Robert W. Baird increased their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $132.55.

About Trade Desk

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.