The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 54.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 914 shares of the technology company’s stock after selling 1,100 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Trade Desk were worth $76,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its stake in Trade Desk by 119.9% during 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 during the last quarter. Riverview Trust Co acquired a new stake in shares of Trade Desk during the 1st quarter valued at $27,000. Bogart Wealth LLC boosted its stake in shares of Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Trade Desk by 889.4% in the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after acquiring an additional 418 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in shares of Trade Desk during the fourth quarter worth $63,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on shares of Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. DA Davidson raised their price objective on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Wolfe Research started coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price for the company. Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Finally, Loop Capital increased their target price on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $101.17.

Insider Buying and Selling

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $70,606,106.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the transaction, the chief financial officer now owns 703,038 shares in the company, valued at approximately $70,606,106.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now directly owns 188,236 shares in the company, valued at $18,337,951.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,909 shares of company stock valued at $20,827,601. 10.18% of the stock is owned by insiders.

Trade Desk Trading Up 2.9 %

Shares of NASDAQ TTD traded up $2.42 during mid-day trading on Tuesday, reaching $85.64. 1,612,169 shares of the company’s stock were exchanged, compared to its average volume of 4,118,875. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $102.67. The firm has a market capitalization of $41.89 billion, a price-to-earnings ratio of 211.76, a PEG ratio of 4.26 and a beta of 1.48. The business has a fifty day simple moving average of $95.97 and a 200 day simple moving average of $86.83.

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

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.