SageView Advisory Group LLC Sells 3,541 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

SageView Advisory Group LLC lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,329 shares of the technology company’s stock after selling 3,541 shares during the period. SageView Advisory Group LLC’s holdings in Trade Desk were worth $4,641,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Quantinno Capital Management LP boosted its holdings in Trade Desk by 9.2% in the 3rd quarter. Quantinno Capital Management LP now owns 63,428 shares of the technology company’s stock valued at $6,955,000 after purchasing an additional 5,364 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of Trade Desk by 3.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 280,787 shares of the technology company’s stock worth $30,788,000 after acquiring an additional 8,083 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of Trade Desk during the 3rd quarter worth approximately $10,483,000. Motley Fool Asset Management LLC lifted its holdings in shares of Trade Desk by 5.9% during the 3rd quarter. Motley Fool Asset Management LLC now owns 22,363 shares of the technology company’s stock worth $2,431,000 after acquiring an additional 1,252 shares during the period. Finally, Needham Investment Management LLC lifted its holdings in shares of Trade Desk by 6.8% during the 3rd quarter. Needham Investment Management LLC now owns 63,000 shares of the technology company’s stock worth $6,908,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Oppenheimer upped their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. DA Davidson upped their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. BTIG Research upped their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Wedbush upped their price objective on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.66.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $139.51 on Thursday. The stock has a market cap of $68.86 billion, a price-to-earnings ratio of 228.70, a PEG ratio of 6.31 and a beta of 1.43. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The firm’s 50-day moving average is $121.14 and its 200 day moving average is $106.25.

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $108.65, for a total value 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 trade represents a 10.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock worth $125,534,054 over the last quarter. 9.72% of the stock is currently owned by insiders.

Trade Desk 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.