Arrowroot Family Office LLC Lowers Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Arrowroot Family Office LLC reduced its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 51.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,263 shares of the technology company’s stock after selling 2,406 shares during the period. Arrowroot Family Office LLC’s holdings in Trade Desk were worth $248,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Edgewood Management LLC increased its position in shares of Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after acquiring an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. boosted its position in Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after buying an additional 1,720,650 shares during the period. International Assets Investment Management LLC boosted its holdings in Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after acquiring an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP grew its position in Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other news, 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 sale, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00. Following the sale, the chief executive officer now directly owns 565,180 shares in the company, valued at approximately $61,423,762.40. This represents a 26.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Up 0.3 %

Trade Desk stock opened at $128.55 on Monday. The company has a market cap of $63.45 billion, a P/E ratio of 210.74, a P/E/G ratio of 5.83 and a beta of 1.47. The business has a 50-day simple moving average of $119.46 and a two-hundred day simple moving average of $105.41. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65.

Analyst Ratings Changes

A number of analysts have recently weighed in on TTD shares. KeyCorp increased their target price on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. BTIG Research upped their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and raised their target price for the company from $85.00 to $115.00 in a research note on Monday, November 25th. DA Davidson upped their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus raised their target price on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.66.

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.