Tidal Investments LLC Cuts Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Tidal Investments LLC reduced its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 69.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,012 shares of the technology company’s stock after selling 27,465 shares during the quarter. Tidal Investments LLC’s holdings in Trade Desk were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TTD. CAP Partners LLC increased its position in shares of Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares during the last quarter. Allworth Financial LP raised its stake in shares of Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after acquiring an additional 97 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of 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 last quarter. Advisory Resource Group boosted its stake in shares of Trade Desk by 1.0% in the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 101 shares in the last quarter. Finally, HM Payson & Co. grew its holdings in shares of Trade Desk by 1.0% during the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after purchasing an additional 102 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on TTD. Susquehanna restated a “positive” rating and set a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and increased their target price for the company from $85.00 to $115.00 in a report on Monday, November 25th. Moffett Nathanson initiated coverage on Trade Desk in a research report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price objective for the company. Scotiabank assumed coverage on shares of Trade Desk in a report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 target price on the stock. Finally, Wells Fargo & Company started coverage on shares of Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.07.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now owns 565,180 shares in the company, valued at $61,423,762.40. The trade was a 26.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jay R. Grant sold 20,579 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now directly owns 178,853 shares in the company, valued at $19,432,378.45. This trade represents a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is owned by corporate insiders.

Trade Desk Price Performance

TTD opened at $127.93 on Thursday. The firm has a market cap of $63.14 billion, a PE ratio of 209.72, a P/E/G ratio of 6.00 and a beta of 1.43. The stock has a 50-day moving average price of $125.42 and a 200-day moving average price of $108.85. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53.

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.