The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 17.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,700 shares of the technology company’s stock after selling 38,632 shares during the period. Principal Financial Group Inc.’s holdings in Trade Desk were worth $20,033,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC boosted its position in Trade Desk by 15.3% during the 1st quarter. Empowered Funds LLC now owns 12,400 shares of the technology company’s stock valued at $1,084,000 after purchasing an additional 1,643 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Trade Desk by 149.6% during the first quarter. SG Americas Securities LLC now owns 19,991 shares of the technology company’s stock valued at $1,748,000 after acquiring an additional 11,981 shares during the period. Sei Investments Co. grew its position in shares of Trade Desk by 16.3% during the first quarter. Sei Investments Co. now owns 246,188 shares of the technology company’s stock worth $21,521,000 after acquiring an additional 34,520 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Trade Desk by 12.1% in the 1st quarter. Russell Investments Group Ltd. now owns 144,350 shares of the technology company’s stock valued at $12,608,000 after purchasing an additional 15,550 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in Trade Desk during the 1st quarter valued at about $253,000. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTD. KeyCorp raised their price target on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Loop Capital raised their target price on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial boosted their price target on Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. UBS Group raised their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Macquarie lifted their price objective on shares of Trade Desk from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $122.65.

Insider Buying and Selling

In other news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the transaction, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,556,291 shares of company stock valued at $169,960,852. Company insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $127.25 on Thursday. The company has a market cap of $62.55 billion, a P/E ratio of 208.61, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65. The firm’s 50 day simple moving average is $114.45 and its 200-day simple moving average is $102.09.

About Trade Desk

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.