Jackson Square Capital LLC Reduces Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Jackson Square Capital LLC lessened its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,373 shares of the technology company’s stock after selling 406 shares during the quarter. Jackson Square Capital LLC’s holdings in Trade Desk were worth $867,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC increased its holdings in shares of Trade Desk by 37.7% in the third 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 period. JFS Wealth Advisors LLC boosted its holdings in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after acquiring an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Quarry LP purchased a new stake in Trade Desk in the 2nd quarter valued at approximately $41,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Trade Desk during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TTD. Stifel Nicolaus raised their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. Wells Fargo & Company lifted their price target on Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. BTIG Research increased their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Moffett Nathanson initiated coverage on shares of Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Finally, Loop Capital increased their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $132.55.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Shares of TTD opened at $124.42 on Friday. The firm has a fifty day moving average of $126.30 and a 200-day moving average of $112.80. The company has a market cap of $61.41 billion, a price-to-earnings ratio of 203.97, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $63.63 and a 1 year high of $141.53.

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.