The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Spouting Rock Asset Management LLC

Spouting Rock Asset Management LLC lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 20.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,685 shares of the technology company’s stock after selling 1,716 shares during the period. Spouting Rock Asset Management LLC’s holdings in Trade Desk were worth $481,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Level Financial Advisors Inc. raised its holdings in shares of Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after buying an additional 150 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Trade Desk by 1.6% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after purchasing an additional 150 shares during the last quarter. Fiduciary Trust Co grew its stake in Trade Desk by 1.1% during the 4th quarter. Fiduciary Trust Co now owns 13,800 shares of the technology company’s stock valued at $993,000 after purchasing an additional 150 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in Trade Desk by 4.7% during the 4th quarter. Belpointe Asset Management LLC now owns 3,438 shares of the technology company’s stock worth $247,000 after purchasing an additional 154 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in shares of Trade Desk by 3.6% in the 4th quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ:TTD traded up $0.04 on Friday, hitting $95.66. 1,990,727 shares of the company were exchanged, compared to its average volume of 4,310,133. The company’s 50 day moving average price is $89.16 and its two-hundred day moving average price is $80.21. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $98.18. The firm has a market capitalization of $46.79 billion, a price-to-earnings ratio of 239.16, a PEG ratio of 5.14 and a beta of 1.49.

Trade Desk (NASDAQ:TTDGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The firm had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Research analysts predict that The Trade Desk, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTD has been the topic of several recent analyst reports. Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and upped their price target for the company from $95.00 to $105.00 in a report on Thursday, May 2nd. Susquehanna reiterated a “positive” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Thursday, May 16th. BMO Capital Markets restated an “outperform” rating and set a $108.00 price objective (up previously from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. KeyCorp lifted their target price on Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Citigroup upped their price target on Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.01.

Get Our Latest Report on TTD

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the sale, the chief executive officer now directly owns 824,022 shares in the company, valued at approximately $69,605,138.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 368,607 shares of company stock valued at $31,477,358 over the last ninety days. 10.18% of the stock is owned by company insiders.

About Trade Desk

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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