Personal CFO Solutions LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Personal CFO Solutions LLC bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,961 shares of the technology company’s stock, valued at approximately $229,000.

A number of other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Trade Desk by 61.6% in the 1st quarter. JPMorgan Chase & Co. now owns 19,593,717 shares of the technology company’s stock valued at $1,193,453,000 after acquiring an additional 7,471,935 shares in the last quarter. Norges Bank bought a new position in shares of Trade Desk in the 4th quarter valued at about $100,508,000. 1832 Asset Management L.P. grew its holdings in shares of Trade Desk by 81.8% in the 1st quarter. 1832 Asset Management L.P. now owns 3,638,000 shares of the technology company’s stock valued at $221,591,000 after acquiring an additional 1,636,700 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Trade Desk by 10.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock valued at $599,275,000 after acquiring an additional 1,239,936 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Trade Desk by 74.2% in the 1st quarter. Bank of America Corp DE now owns 2,853,174 shares of the technology company’s stock valued at $173,787,000 after acquiring an additional 1,215,662 shares in the last quarter. Institutional investors own 68.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TTD shares. Truist Financial decreased their price objective on Trade Desk from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, November 10th. Robert W. Baird initiated coverage on Trade Desk in a report on Friday, August 18th. They set an “outperform” rating and a $88.00 price target for the company. Loop Capital initiated coverage on Trade Desk in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target for the company. Morgan Stanley reduced their price target on Trade Desk from $105.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Finally, New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.71.

Trade Desk Price Performance

Shares of TTD opened at $67.29 on Tuesday. The Trade Desk, Inc. has a one year low of $41.20 and a one year high of $91.85. The company has a market cap of $32.99 billion, a P/E ratio of 217.06, a P/E/G ratio of 5.74 and a beta of 1.68. The firm has a 50 day simple moving average of $76.09 and a two-hundred day simple moving average of $76.55.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $84.80, for a total transaction of $6,360,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,767,320 shares in the company, valued at $149,868,736. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $84.80, for a total transaction of $6,360,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,767,320 shares in the company, valued at $149,868,736. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Laura Schenkein sold 2,613 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.48, for a total transaction of $173,712.24. Following the transaction, the chief financial officer now owns 660,009 shares of the company’s stock, valued at $43,877,398.32. The disclosure for this sale can be found here. Insiders sold a total of 442,014 shares of company stock worth $35,244,721 over the last three months. Corporate insiders own 10.81% of the company’s stock.

Trade Desk Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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.