Teamwork Financial Advisors LLC Sells 16,161 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Teamwork Financial Advisors LLC lessened its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 38.1% during the first quarter, HoldingsChannel.com reports. The fund owned 26,257 shares of the technology company’s stock after selling 16,161 shares during the period. Teamwork Financial Advisors LLC’s holdings in Trade Desk were worth $2,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTD. Global Assets Advisory LLC bought a new position in shares of Trade Desk in the 1st quarter worth $2,626,000. Franklin Resources Inc. lifted its position in shares of Trade Desk by 15.7% in the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after purchasing an additional 53,441 shares during the period. Nordea Investment Management AB lifted its position in shares of Trade Desk by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after purchasing an additional 147,717 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Trade Desk by 30.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock worth $21,078,000 after acquiring an additional 67,520 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Trade Desk by 12.8% in the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock worth $18,161,000 after acquiring an additional 28,714 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the transaction, the insider now owns 188,236 shares in the company, valued at $18,337,951.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Gokul Rajaram sold 2,415 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the sale, the director now directly owns 34,056 shares of the company’s stock, valued at $3,334,763.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the sale, the insider now directly owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The disclosure for this sale can be found here. Insiders have sold 340,154 shares of company stock worth $31,128,226 over the last quarter. Insiders own 10.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTD. Stifel Nicolaus increased their price target on shares of Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $108.00 price target (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. DA Davidson raised their price objective on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Citigroup raised their price objective on shares of Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Finally, Truist Financial reissued a “buy” rating and issued a $105.00 price objective on shares of Trade Desk in a report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

Trade Desk Price Performance

Shares of TTD stock traded up $1.13 during mid-day trading on Thursday, hitting $99.47. The company had a trading volume of 2,280,964 shares, compared to its average volume of 3,205,933. The stock’s 50 day moving average price is $93.60 and its 200-day moving average price is $83.03. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $100.25. The company has a market capitalization of $48.65 billion, a P/E ratio of 248.68, a P/E/G ratio of 5.04 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. On average, equities research analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current 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.