Mesirow Financial Investment Management Inc. Sells 7,500 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Mesirow Financial Investment Management Inc. decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,045 shares of the technology company’s stock after selling 7,500 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Trade Desk were worth $3,325,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in TTD. Dimensional Fund Advisors LP boosted its position in Trade Desk by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after purchasing an additional 35,164 shares during the period. Quadrant Capital Group LLC boosted its position in Trade Desk by 39.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,139 shares of the technology company’s stock worth $82,000 after purchasing an additional 322 shares during the period. Kingsview Wealth Management LLC boosted its position in Trade Desk by 31.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 13,949 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 3,367 shares during the period. Great Lakes Advisors LLC boosted its position in Trade Desk by 11.5% during the fourth quarter. Great Lakes Advisors LLC now owns 7,042 shares of the technology company’s stock worth $507,000 after purchasing an additional 724 shares during the period. Finally, Financial Advocates Investment Management boosted its position in Trade Desk by 18.0% during the fourth quarter. Financial Advocates Investment Management now owns 5,818 shares of the technology company’s stock worth $419,000 after purchasing an additional 886 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the transaction, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 599,163 shares of company stock worth $61,246,529. 10.18% of the stock is currently owned by company insiders.

Trade Desk Stock Down 0.7 %

Shares of TTD stock opened at $105.37 on Tuesday. The stock has a 50-day moving average price of $97.94 and a 200 day moving average price of $92.22. The firm has a market cap of $51.54 billion, a price-to-earnings ratio of 263.43, a PEG ratio of 5.03 and a beta of 1.48. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $107.64.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. Sell-side analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TTD shares. Royal Bank of Canada upped their price target on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price target (up from $105.00) on shares of Trade Desk in a report on Friday, August 9th. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Robert W. Baird upped their price target on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Cantor Fitzgerald started coverage on Trade Desk in a report on Thursday, September 5th. They set a “neutral” rating and a $110.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.05.

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.