STF Management LP Decreases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

STF Management LP trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,408 shares of the technology company’s stock after selling 677 shares during the quarter. STF Management LP’s holdings in Trade Desk were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk during the second quarter valued at $30,000. Avior Wealth Management LLC grew its holdings in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Finally, EdgeRock Capital LLC purchased a new stake in shares of Trade Desk in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Susquehanna reissued a “positive” rating and issued a $150.00 price target on shares of Trade Desk in a research report on Thursday. Wedbush raised their target price on shares of Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial increased their price objective on Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a report on Friday, November 8th. Evercore ISI boosted their target price on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Citigroup increased their price target on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.08.

Trade Desk Price Performance

TTD opened at $127.27 on Friday. The firm has a fifty day moving average price of $116.45 and a 200 day moving average price of $103.32. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $132.65. The stock has a market cap of $62.82 billion, a P/E ratio of 208.65, a P/E/G ratio of 5.41 and a beta of 1.47.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the transaction, the insider now owns 178,853 shares of the company’s stock, valued at $19,432,378.45. This represents a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,412,367 shares of company stock valued at $155,067,356. Corporate insiders own 9.72% of the company’s stock.

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.