Ashford Capital Management Inc. Sells 4,768 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Ashford Capital Management Inc. lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,301 shares of the technology company’s stock after selling 4,768 shares during the quarter. Trade Desk accounts for approximately 2.7% of Ashford Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Ashford Capital Management Inc.’s holdings in Trade Desk were worth $21,963,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new stake in Trade Desk during the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk in the second quarter valued at about $37,000. Avior Wealth Management LLC raised its holdings in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Quarry LP acquired a new position in Trade Desk during the second quarter valued at approximately $41,000. Finally, Brown Lisle Cummings Inc. grew its stake in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Down 3.1 %

Trade Desk stock opened at $134.77 on Tuesday. The stock has a market cap of $66.52 billion, a PE ratio of 220.93, a P/E/G ratio of 6.30 and a beta of 1.43. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $141.53. The business’s 50-day moving average price is $122.77 and its two-hundred day moving average price is $107.20.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TTD. Scotiabank initiated coverage on Trade Desk in a research note on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price objective on the stock. Needham & Company LLC increased their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. KeyCorp raised their price objective on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their price objective for the company from $85.00 to $115.00 in a report on Monday, November 25th. Finally, DA Davidson raised their target price on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.94.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the completion of the transaction, the chief executive officer now owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Corporate insiders own 9.72% of the company’s stock.

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.