The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC trimmed its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 38.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,257 shares of the technology company’s stock after selling 16,161 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Trade Desk were worth $2,295,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Bank of Nova Scotia acquired a new position in Trade Desk in the third quarter valued at $257,000. Ancora Advisors LLC increased its stake in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. Lazard Asset Management LLC increased its stake in Trade Desk by 43.7% in the third quarter. Lazard Asset Management LLC now owns 16,299 shares of the technology company’s stock valued at $1,272,000 after purchasing an additional 4,960 shares during the last quarter. AQR Capital Management LLC increased its stake in Trade Desk by 67.1% in the third quarter. AQR Capital Management LLC now owns 76,050 shares of the technology company’s stock valued at $5,943,000 after purchasing an additional 30,548 shares during the last quarter. Finally, AXQ Capital LP purchased a new stake in Trade Desk during the third quarter valued at about $664,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 2,415 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.92, for a total transaction of $236,476.80. Following the sale, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Gokul Rajaram sold 2,415 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.92, for a total transaction of $236,476.80. Following the sale, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 2,600 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $86.41, for a total value of $224,666.00. Following the sale, the chief executive officer now owns 974,022 shares in the company, valued at $84,165,241.02. The disclosure for this sale can be found here. Insiders have sold 340,154 shares of company stock worth $31,128,226 over the last quarter. 10.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial reissued a “buy” rating and set a $105.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. Piper Sandler reissued an “overweight” rating and set a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. DA Davidson boosted their price target on Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Citigroup boosted 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. Finally, Loop Capital boosted their price target on Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $93.69.

Trade Desk Trading Up 1.1 %

NASDAQ TTD traded up $1.13 on Thursday, hitting $99.47. 2,280,964 shares of the stock traded hands, compared to its average volume of 3,205,933. The stock has a 50-day moving average of $93.60 and a 200 day moving average of $83.03. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $100.25. The company has a market capitalization of $48.65 billion, a P/E ratio of 248.68, a price-to-earnings-growth ratio of 5.04 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data 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 analysts’ expectations of $480.03 million. As a group, equities research analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

About Trade Desk

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.