The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Congress Park Capital LLC

Congress Park Capital LLC lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,556 shares of the technology company’s stock after selling 5,070 shares during the quarter. Trade Desk comprises about 1.6% of Congress Park Capital LLC’s portfolio, making the stock its 20th biggest holding. Congress Park Capital LLC’s holdings in Trade Desk were worth $4,296,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ithaka Group LLC increased its position in shares of Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after purchasing an additional 4,836 shares during the period. Venture Visionary Partners LLC boosted its stake in 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. Nordea Investment Management AB grew its holdings in Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock worth $159,132,000 after acquiring an additional 358,350 shares during the period. Assetmark Inc. grew its holdings in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the period. Finally, Swiss National Bank raised its position in Trade Desk by 0.3% in the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTD. BTIG Research lifted their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Macquarie upped their price target on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Finally, Truist Financial lifted their target price on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.55.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction 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 transaction, the director now directly owns 28,636 shares in the company, valued at $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 a total of 38,086 shares of company stock valued at $4,654,466 in the last three months. Insiders own 9.72% of the company’s stock.

Trade Desk Trading Up 1.0 %

Shares of NASDAQ:TTD opened at $120.84 on Friday. The firm has a market cap of $59.64 billion, a price-to-earnings ratio of 198.10, a P/E/G ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The business has a fifty day simple moving average of $126.31 and a 200 day simple moving average of $112.51.

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.