The Trade Desk, Inc. (NASDAQ:TTD) Stake Trimmed by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 18.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 51,270 shares of the technology company’s stock after selling 11,949 shares during the period. Oppenheimer & Co. Inc.’s holdings in Trade Desk were worth $5,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Venture Visionary Partners LLC grew its holdings in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares in the last quarter. Assetmark Inc. grew its stake in Trade Desk by 2,461.2% during the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after acquiring an additional 70,687 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Trade Desk by 5.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock valued at $9,179,000 after purchasing an additional 5,148 shares during the period. Blair William & Co. IL lifted its position in shares of Trade Desk by 61.2% in the first quarter. Blair William & Co. IL now owns 15,525 shares of the technology company’s stock worth $1,357,000 after purchasing an additional 5,893 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Trade Desk by 12.1% during the first quarter. Russell Investments Group Ltd. now owns 144,350 shares of the technology company’s stock worth $12,608,000 after purchasing an additional 15,550 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares of the company’s stock, valued at $3,269,019. The trade was a 4.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jay R. Grant sold 20,579 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the completion of the transaction, the insider now directly owns 178,853 shares of the company’s stock, valued at $19,432,378.45. This trade represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,548,289 shares of company stock worth $169,165,185. Insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTD. Loop Capital upped their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus upped their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Oppenheimer lifted their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. Finally, Royal Bank of Canada raised their price target on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average price target of $122.65.

Trade Desk Stock Down 1.1 %

Shares of NASDAQ TTD opened at $125.88 on Friday. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $132.65. The company has a market cap of $61.88 billion, a P/E ratio of 206.36, a P/E/G ratio of 6.07 and a beta of 1.47. The business’s 50 day moving average is $114.89 and its two-hundred day moving average is $102.26.

Trade Desk Company 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.