The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,338,854 shares of the technology company’s stock after selling 28,294 shares during the quarter. Trade Desk comprises about 1.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 24th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.27% of Trade Desk worth $158,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Allworth Financial LP increased its position in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after buying an additional 97 shares during the period. Apella Capital LLC grew its position in shares of Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after acquiring an additional 100 shares during the last quarter. Wealth Alliance increased its holdings in shares of Trade Desk by 0.6% in the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after acquiring an additional 106 shares during the period. Parisi Gray Wealth Management increased its holdings in shares of Trade Desk by 2.6% in the 3rd quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock valued at $486,000 after acquiring an additional 111 shares during the period. Finally, RFP Financial Group LLC raised its position in Trade Desk by 26.4% in the 2nd quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of Trade Desk stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at approximately $68,897,150.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the transaction, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,557,897 shares of company stock valued at $170,121,565. Company insiders own 10.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TTD. Truist Financial raised their price objective on shares of Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a report on Monday, October 7th. BTIG Research upped their price objective on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, August 9th. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price objective for the company. in a research report on Tuesday. Finally, Loop Capital boosted their target price on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $114.56.

Trade Desk Trading Up 0.4 %

Shares of NASDAQ TTD traded up $0.46 during trading on Wednesday, reaching $122.08. The company had a trading volume of 296,958 shares, compared to its average volume of 3,751,530. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $122.40. The stock has a 50-day moving average price of $109.80 and a two-hundred day moving average price of $98.89. The stock has a market capitalization of $59.71 billion, a PE ratio of 304.05, a price-to-earnings-growth ratio of 5.75 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, beating the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same quarter in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. On average, sell-side analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current 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.