The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Goldstone Financial Group LLC

Goldstone Financial Group LLC lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,068 shares of the technology company’s stock after selling 278 shares during the period. Goldstone Financial Group LLC’s holdings in Trade Desk were worth $243,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTD. Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the period. Quarry LP acquired a new stake in Trade Desk during the 2nd quarter valued at $41,000. Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares during the period. JFS Wealth Advisors LLC boosted its position in Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Trade Desk during the third quarter valued at about $51,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 3.0 %

Shares of NASDAQ TTD opened at $124.42 on Friday. The Trade Desk, Inc. has a twelve month low of $63.63 and a twelve month high of $141.53. The firm has a 50-day moving average of $126.30 and a two-hundred day moving average of $112.70. The company has a market capitalization of $61.41 billion, a price-to-earnings ratio of 203.97, a PEG ratio of 3.76 and a beta of 1.45.

Wall Street Analyst Weigh In

TTD has been the subject of a number of analyst reports. Piper Sandler reissued an “overweight” rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Susquehanna reiterated a “positive” rating and set a $150.00 target price on shares of Trade Desk in a research note on Thursday, November 21st. Macquarie lifted their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Truist Financial increased their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Finally, New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.55.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the 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. Insiders sold a total of 38,086 shares of company stock valued at $4,654,466 over the last ninety days. Insiders own 9.72% of the company’s stock.

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.