Valley National Advisers Inc. Sells 215 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Valley National Advisers Inc. lessened its position in The Trade Desk, Inc. (NASDAQ:TTD) by 31.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 462 shares of the technology company’s stock after selling 215 shares during the period. Valley National Advisers Inc.’s holdings in Trade Desk were worth $40,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its position in Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares in the last quarter. Riverview Trust Co bought a new position in Trade Desk in the first quarter valued at $27,000. Level Financial Advisors Inc. grew its position in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Jones Financial Companies Lllp grew its position in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the transaction, the insider now owns 188,236 shares in the company, valued at $18,337,951.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Jay R. Grant sold 141,434 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the completion of the sale, the insider now owns 188,236 shares in the company, valued at $18,337,951.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $85.13, for a total transaction of $6,384,750.00. Following the completion of the sale, the chief executive officer now owns 899,022 shares of the company’s stock, valued at approximately $76,533,742.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,154 shares of company stock worth $31,128,226. Insiders own 10.18% of the company’s stock.

Trade Desk Trading Up 1.1 %

TTD traded up $1.13 during trading on Wednesday, reaching $99.47. 2,280,963 shares of the company’s stock were exchanged, compared to its average volume of 4,195,271. The stock has a market capitalization of $48.65 billion, a PE ratio of 248.68, a price-to-earnings-growth ratio of 5.00 and a beta of 1.48. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $100.25. The firm has a fifty day moving average price of $93.28 and a two-hundred day moving average price of $82.91.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. Sell-side analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TTD. Loop Capital increased their price target on shares of Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. DA Davidson increased their price target on shares of Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Royal Bank of Canada increased their price target on shares of Trade Desk from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $108.00 target price (up previously from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Finally, Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and lifted their target price for the stock from $95.00 to $105.00 in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $93.69.

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.