The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 7.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,832 shares of the technology company’s stock after selling 4,949 shares during the quarter. Financial Counselors Inc.’s holdings in Trade Desk were worth $6,561,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Trade Desk by 3.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after purchasing an additional 68,206 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Trade Desk by 40.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 125,102 shares of the technology company’s stock valued at $13,717,000 after purchasing an additional 36,139 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Trade Desk by 689.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 329,235 shares of the technology company’s stock valued at $36,101,000 after purchasing an additional 287,516 shares in the last quarter. Townsquare Capital LLC grew its stake in Trade Desk by 82.9% during the 3rd quarter. Townsquare Capital LLC now owns 7,887 shares of the technology company’s stock valued at $865,000 after purchasing an additional 3,574 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Trade Desk during the 3rd quarter valued at approximately $243,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $128.15 on Friday. The business’s fifty day moving average price is $118.72 and its two-hundred day moving average price is $104.72. The company has a market capitalization of $63.25 billion, a P/E ratio of 210.08, a PEG ratio of 5.81 and a beta of 1.47. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65.

Wall Street Analyst Weigh In

TTD has been the subject of several research reports. Stifel Nicolaus lifted their target price on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Robert W. Baird lifted their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. DA Davidson lifted their target price on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wedbush lifted their target price on Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.66.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction on Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the transaction, the chief executive officer now directly owns 765,180 shares in the company, valued at approximately $83,764,254.60. This trade represents a 20.72 % decrease in their position. 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 25,000 shares of Trade Desk stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now owns 693,953 shares in the company, valued at approximately $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock valued at $125,534,054 in the last quarter. Corporate insiders own 9.72% 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 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.