The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD) by 18.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,020 shares of the technology company’s stock after selling 78,384 shares during the quarter. Raymond James & Associates owned approximately 0.07% of Trade Desk worth $37,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. increased its holdings in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after acquiring an additional 270,800 shares during the last quarter. Jericho Capital Asset Management L.P. increased its holdings in shares of Trade Desk by 4.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock valued at $211,500,000 after acquiring an additional 100,000 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Trade Desk by 3.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock valued at $165,937,000 after acquiring an additional 59,161 shares during the last quarter. Marshall Wace LLP grew its stake in Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after buying an additional 872,555 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Trade Desk by 12.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock worth $159,151,000 after buying an additional 177,832 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Up 0.6 %

Shares of NASDAQ TTD opened at $118.94 on Wednesday. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $120.78. The company has a market cap of $58.47 billion, a price-to-earnings ratio of 237.88, a P/E/G ratio of 5.72 and a beta of 1.48. The business has a fifty day simple moving average of $108.00 and a 200-day simple moving average of $97.75.

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

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.33, for a total transaction of $310,902.90. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the transaction, the chief executive officer now directly owns 7,330 shares in the company, valued at approximately $846,615. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,556,542 shares of company stock valued at $169,961,824. Company insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTD. Stifel Nicolaus upped their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. BTIG Research upped their price objective on Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Susquehanna upped their price objective on Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Robert W. Baird upped their price objective on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Moffett Nathanson began coverage on Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.97.

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.