SeaCrest Wealth Management LLC Reduces Position in The Trade Desk, Inc. (NASDAQ:TTD)

SeaCrest Wealth Management LLC trimmed its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,313 shares of the technology company’s stock after selling 466 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Trade Desk were worth $859,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC raised its stake in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. Quarry LP purchased a new stake in shares of Trade Desk during the second quarter worth about $41,000. Brown Lisle Cummings Inc. raised its position in shares of 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 buying an additional 150 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after buying an additional 247 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Trade Desk during the third quarter worth approximately $51,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TTD shares. KeyCorp boosted their price target on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, January 10th. DA Davidson upped their target price on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Evercore ISI raised their price target on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and lifted their price target for the company from $85.00 to $115.00 in a report on Monday, November 25th. Finally, Piper Sandler reiterated an “overweight” rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average price target of $132.55.

Trade Desk Stock Up 2.5 %

TTD opened at $119.68 on Thursday. The firm’s 50 day moving average is $126.55 and its 200-day moving average is $112.46. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53. The firm has a market capitalization of $59.07 billion, a P/E ratio of 196.20, a P/E/G ratio of 6.00 and a beta of 1.45.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,086 shares of company stock valued at $4,654,466. Corporate insiders own 9.72% of the company’s stock.

Trade Desk 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.