Chicago Capital LLC Sells 2,319 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Chicago Capital LLC decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 541,137 shares of the technology company’s stock after selling 2,319 shares during the period. Trade Desk comprises 1.7% of Chicago Capital LLC’s portfolio, making the stock its 25th biggest position. Chicago Capital LLC owned about 0.11% of Trade Desk worth $63,600,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TTD. The Manufacturers Life Insurance Company raised its stake in shares of Trade Desk by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock worth $2,387,000 after purchasing an additional 2,593 shares in the last quarter. Algert Global LLC raised its stake in shares of Trade Desk by 22.5% during the 2nd quarter. Algert Global LLC now owns 4,893 shares of the technology company’s stock worth $478,000 after purchasing an additional 900 shares in the last quarter. Quarry LP bought a new stake in shares of Trade Desk during the 2nd quarter worth approximately $41,000. Truist Financial Corp increased its holdings in shares of Trade Desk by 10.6% during the 2nd quarter. Truist Financial Corp now owns 110,300 shares of the technology company’s stock worth $10,773,000 after acquiring an additional 10,582 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Trade Desk during the 2nd quarter worth approximately $4,214,000. Institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TTD. Scotiabank began coverage on Trade Desk in a report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. JMP Securities assumed coverage on Trade Desk in a report on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 price objective on the stock. BMO Capital Markets upped their price objective on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada upped their price objective on Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk Price Performance

NASDAQ TTD opened at $118.68 on Monday. The business has a 50 day simple moving average of $125.48 and a 200 day simple moving average of $114.40. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The stock has a market capitalization of $58.58 billion, a P/E ratio of 194.56, a P/E/G ratio of 3.75 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The firm had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same period last year, the business posted $0.08 EPS. Equities analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 553,982 shares of company stock worth $68,954,147 over the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

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.