Values First Advisors Inc. Sells 1,968 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Values First Advisors Inc. reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 14.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,785 shares of the technology company’s stock after selling 1,968 shares during the period. Values First Advisors Inc.’s holdings in Trade Desk were worth $1,292,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Riverview Trust Co acquired a new position in shares of Trade Desk in the first quarter worth approximately $27,000. Brookstone Capital Management lifted its position in shares of Trade Desk by 33.6% in the 1st quarter. Brookstone Capital Management now owns 4,477 shares of the technology company’s stock worth $391,000 after purchasing an additional 1,126 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of Trade Desk by 6.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 28,421 shares of the technology company’s stock valued at $2,485,000 after purchasing an additional 1,678 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in shares of Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after buying an additional 163 shares during the period. Finally, Harbour Capital Advisors LLC bought a new position in Trade Desk during the first quarter worth $386,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the 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 owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents 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 link. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at $80,102,994.79. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,557,897 shares of company stock worth $170,121,565 in the last ninety days. Company insiders own 10.18% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of recent analyst reports. StockNews.com upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Loop Capital raised their target price on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, August 26th. Benchmark lifted their target price on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. 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. Finally, Needham & Company LLC lifted their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus target price of $112.97.

Trade Desk Stock Performance

Trade Desk stock opened at $118.21 on Friday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $120.78. The firm’s 50-day simple moving average is $108.72 and its 200 day simple moving average is $98.03. The stock has a market cap of $57.82 billion, a PE ratio of 295.53, a price-to-earnings-growth ratio of 5.73 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. As a group, analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Trade Desk 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.