Toronto Dominion Bank lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD – Free Report) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,112 shares of the technology company’s stock after selling 252 shares during the quarter. Toronto Dominion Bank’s holdings in Trade Desk were worth $4,406,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. boosted its stake in shares of Trade Desk by 119.9% in 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 bought a new position in shares of Trade Desk in the 1st quarter valued at about $27,000. Bogart Wealth LLC boosted its stake in shares of Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Trade Desk in the 2nd quarter valued at about $30,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.
Trade Desk Stock Up 0.1 %
NASDAQ TTD opened at $109.45 on Monday. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $112.22. The company has a market capitalization of $53.80 billion, a PE ratio of 273.63, a price-to-earnings-growth ratio of 5.33 and a beta of 1.48. The firm’s 50 day moving average is $99.96 and its 200-day moving average is $94.09.
Insider Buying and Selling
In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the transaction, the director now directly owns 32,701 shares in the company, valued at $3,216,797.37. The sale was disclosed in a filing with the SEC, which is available through this link. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the transaction, the director now directly owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 directly owns 99,374 shares of the company’s stock, valued at $9,887,713. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,056,669 shares of company stock worth $113,117,247. Insiders own 10.18% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on TTD. Macquarie reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Trade Desk in a research note on Friday, August 9th. StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Susquehanna lifted their price objective on shares of 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 lifted their price objective on shares of Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Truist Financial lifted their price objective on shares of Trade Desk from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $109.05.
Read Our Latest Research Report on TTD
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.
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