Griffin Asset Management Inc. Sells 2,575 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Griffin Asset Management Inc. lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 68,035 shares of the technology company’s stock after selling 2,575 shares during the period. Griffin Asset Management Inc.’s holdings in Trade Desk were worth $7,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Centaurus Financial Inc. boosted its stake in Trade Desk by 14.9% during the fourth quarter. Centaurus Financial Inc. now owns 2,623 shares of the technology company’s stock worth $189,000 after acquiring an additional 340 shares in the last quarter. EP Wealth Advisors LLC raised its stake in Trade Desk by 8.0% during the fourth quarter. EP Wealth Advisors LLC now owns 6,781 shares of the technology company’s stock valued at $488,000 after buying an additional 502 shares during the last quarter. American International Group Inc. boosted its stake 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 in the last quarter. Fisher Asset Management LLC bought a new position in shares of Trade Desk in the fourth quarter worth approximately $306,000. Finally, ICA Group Wealth Management LLC purchased a new position in Trade Desk in the 4th quarter worth approximately $83,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total value of $133,291.35. Following the transaction, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now owns 32,701 shares in the company, valued at $3,216,797.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was 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 owns 7,330 shares in the company, valued at $846,615. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,557,897 shares of company stock valued at $170,095,115 in the last three months. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $117.68 on Wednesday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $118.82. The company has a market capitalization of $57.85 billion, a P/E ratio of 235.36, a P/E/G ratio of 5.57 and a beta of 1.48. The company has a fifty day moving average of $104.87 and a 200 day moving average of $96.41.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million during 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%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. Analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on TTD. Citigroup lifted their price objective on Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. BTIG Research lifted their price target on shares of Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Susquehanna increased their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Friday, August 9th. Morgan Stanley lifted their target price on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Moffett Nathanson initiated coverage on Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.01.

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.