The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,819,538 shares of the technology company’s stock after selling 60,750 shares during the quarter. Bamco Inc. NY’s holdings in Trade Desk were worth $199,512,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TTD. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk during the second quarter valued at $30,000. Avior Wealth Management LLC grew its stake in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the period. Brown Lisle Cummings Inc. raised its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the second quarter worth about $37,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TTD shares. KeyCorp increased their price target on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Truist Financial raised their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 8th. DA Davidson upped their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. Piper Sandler reiterated an “overweight” rating and set a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Finally, Needham & Company LLC upped their target price on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.66.

Trade Desk Stock Up 0.3 %

Shares of NASDAQ TTD opened at $128.55 on Monday. The stock has a market capitalization of $63.45 billion, a price-to-earnings ratio of 210.74, a price-to-earnings-growth ratio of 5.83 and a beta of 1.47. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65. The firm has a 50-day simple moving average of $119.46 and a 200-day simple moving average of $105.30.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated 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 sale, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the transaction, the chief executive officer now directly owns 565,180 shares in the company, valued at $61,423,762.40. This trade represents a 26.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,128,938 shares of company stock worth $125,534,054. 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.