PSI Advisors LLC Reduces Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

PSI Advisors LLC lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 42.9% during the 4th quarter, Holdings Channel reports. The firm owned 440 shares of the technology company’s stock after selling 330 shares during the quarter. PSI Advisors LLC’s holdings in Trade Desk were worth $52,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parisi Gray Wealth Management raised its holdings in shares of Trade Desk by 2.2% in the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after acquiring an additional 99 shares during the last quarter. Moody National Bank Trust Division purchased a new stake in Trade Desk during the 4th quarter worth about $985,000. Wedmont Private Capital raised its stake in Trade Desk by 3.9% in the 4th quarter. Wedmont Private Capital now owns 3,781 shares of the technology company’s stock valued at $449,000 after purchasing an additional 143 shares during the last quarter. Kieckhefer Group LLC purchased a new position in Trade Desk in the 4th quarter valued at about $1,237,000. Finally, Capital Investment Advisors LLC acquired a new stake in shares of Trade Desk during the 4th quarter worth about $214,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,086 shares of company stock worth $4,654,466 over the last ninety days. 9.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on TTD. Royal Bank of Canada boosted their price objective on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. UBS Group lifted their price objective on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Citigroup raised their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $116.76 on Wednesday. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53. The company has a market capitalization of $57.63 billion, a P/E ratio of 191.41, a PEG ratio of 6.00 and a beta of 1.45. The business’s fifty day moving average price is $126.71 and its two-hundred day moving average price is $112.27.

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.