SG Americas Securities LLC Cuts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

SG Americas Securities LLC lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 77.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,515 shares of the technology company’s stock after selling 11,985 shares during the quarter. SG Americas Securities LLC’s holdings in Trade Desk were worth $385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. boosted its holdings in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of Trade Desk in the first quarter worth about $27,000. Transcendent Capital Group LLC bought a new position in Trade Desk during the second quarter valued at approximately $30,000. EdgeRock Capital LLC purchased a new position in Trade Desk during the 2nd quarter valued at approximately $37,000. Finally, Quarry LP bought a new stake in Trade Desk in the 2nd quarter worth approximately $41,000. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TTD. Needham & Company LLC increased their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Moffett Nathanson assumed coverage on Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price on the stock. Macquarie raised their price target on Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Oppenheimer boosted their price objective on shares of Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, BTIG Research increased their target price on shares of Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, August 9th. 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’s stock. Based on data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.97.

Trade Desk Stock Performance

NASDAQ TTD opened at $118.76 on Friday. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $119.43. The company has a market capitalization of $58.09 billion, a price-to-earnings ratio of 296.70, a price-to-earnings-growth ratio of 5.68 and a beta of 1.48. The company’s 50-day simple moving average is $106.77 and its two-hundred day simple moving average is $96.92.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. Equities analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the sale, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at approximately $846,615. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 80,649 shares of Trade Desk stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the transaction, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at approximately $846,615. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the 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 sale, the director now owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,557,897 shares of company stock valued at $170,095,115. Corporate insiders own 10.18% of the company’s stock.

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.