Armstrong Advisory Group Inc. Sells 86 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Armstrong Advisory Group Inc. reduced its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 894 shares of the technology company’s stock after selling 86 shares during the period. Armstrong Advisory Group Inc.’s holdings in Trade Desk were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in shares of Trade Desk by 15.8% during the fourth quarter. Park Avenue Securities LLC now owns 39,519 shares of the technology company’s stock worth $4,645,000 after purchasing an additional 5,405 shares during the period. Kathmere Capital Management LLC raised its position in Trade Desk by 13.5% during the 4th quarter. Kathmere Capital Management LLC now owns 2,324 shares of the technology company’s stock worth $273,000 after purchasing an additional 277 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Trade Desk by 276.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 70,237 shares of the technology company’s stock worth $8,255,000 after buying an additional 51,603 shares during the period. Oak Thistle LLC bought a new stake in shares of Trade Desk in the 4th quarter valued at about $1,489,000. Finally, Grandview Asset Management LLC increased its stake in shares of Trade Desk by 15.0% in the fourth quarter. Grandview Asset Management LLC now owns 5,199 shares of the technology company’s stock valued at $611,000 after buying an additional 679 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TTD shares. Benchmark reaffirmed a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. Piper Sandler reiterated an “overweight” rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Morgan Stanley boosted their target price on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. Finally, Wedbush increased their price target on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $132.55.

Trade Desk Stock Up 1.0 %

Shares of Trade Desk stock opened at $120.84 on Friday. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The business has a 50 day moving average price of $126.31 and a 200-day moving average price of $112.51. The company has a market cap of $59.64 billion, a PE ratio of 198.10, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on 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 transaction, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,086 shares of company stock worth $4,654,466. 9.72% of the stock is owned by corporate insiders.

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.