Teachers Retirement System of The State of Kentucky Sells 5,000 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Teachers Retirement System of The State of Kentucky reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.4% during the 3rd quarter, Holdings Channel reports. The fund owned 362,712 shares of the technology company’s stock after selling 5,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Trade Desk were worth $39,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CAP Partners LLC lifted its position in Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares during the period. Allworth Financial LP grew its holdings in Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after acquiring an additional 97 shares during the period. Avior Wealth Management LLC raised its position in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. HM Payson & Co. boosted its holdings in Trade Desk by 1.0% during the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after buying an additional 102 shares during the last quarter. Finally, Wealth Alliance increased its stake 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 last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TTD. Truist Financial lifted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Citigroup increased their target price on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI raised their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.94.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 565,180 shares in the company, valued at approximately $61,423,762.40. This represents a 26.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value 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. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock worth $125,534,054 over the last three months. Insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 1.6 %

Shares of NASDAQ:TTD opened at $132.66 on Wednesday. The stock has a market capitalization of $65.48 billion, a PE ratio of 217.48, a PEG ratio of 6.30 and a beta of 1.43. The firm has a 50 day moving average of $123.25 and a 200-day moving average of $107.47. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53.

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.