American Trust Has $762,000 Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

American Trust decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 6.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,950 shares of the technology company’s stock after selling 512 shares during the period. American Trust’s holdings in Trade Desk were worth $762,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. lifted its stake in Trade Desk by 326.1% in the third quarter. Franklin Resources Inc. now owns 509,495 shares of the technology company’s stock valued at $60,105,000 after buying an additional 389,917 shares during the period. Synovus Financial Corp acquired a new position in shares of Trade Desk during the 3rd quarter valued at $245,000. Wilmington Savings Fund Society FSB bought a new position in Trade Desk during the third quarter worth $1,194,000. World Investment Advisors LLC grew its holdings in Trade Desk by 10.0% in the third quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company’s stock worth $970,000 after purchasing an additional 803 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in Trade Desk by 9.3% in the third quarter. Sanctuary Advisors LLC now owns 47,165 shares of the technology company’s stock valued at $5,172,000 after purchasing an additional 4,018 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were 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 $83,764,254.60. This trade represents a 20.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction 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. The trade was a 4.52 % 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. Insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 0.4 %

TTD stock opened at $133.57 on Friday. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53. The stock has a market cap of $65.93 billion, a price-to-earnings ratio of 218.97, a price-to-earnings-growth ratio of 6.08 and a beta of 1.43. The company’s 50 day moving average is $124.20 and its 200 day moving average is $107.84.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Benchmark reissued a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. Moffett Nathanson began coverage on Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective for the company. Needham & Company LLC increased their target price on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Wells Fargo & Company initiated coverage on shares of Trade Desk in a research note on Monday, October 28th. They set an “overweight” rating and a $150.00 price target for the company. Finally, Scotiabank assumed coverage on shares of Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.94.

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.