The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Forum Financial Management LP

Forum Financial Management LP decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,028 shares of the technology company’s stock after selling 264 shares during the period. Forum Financial Management LP’s holdings in Trade Desk were worth $551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTD. 1832 Asset Management L.P. raised its position in Trade Desk by 10.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock worth $278,623,000 after buying an additional 270,800 shares during the last quarter. Jericho Capital Asset Management L.P. increased its position in Trade Desk by 4.3% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after purchasing an additional 100,000 shares during the period. Marshall Wace LLP grew its holdings in Trade Desk by 100.2% during the second 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 period. Victory Capital Management Inc. raised its position in Trade Desk by 12.3% in the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock worth $159,151,000 after acquiring an additional 177,832 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of Trade Desk by 10.7% during the 2nd quarter. TD Asset Management Inc now owns 1,592,578 shares of the technology company’s stock worth $155,547,000 after purchasing an additional 153,748 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Activity

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the transaction, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the transaction, the director now directly owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, October 21st. The stock was 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 in the company, valued at $3,375,898.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,557,897 shares of company stock valued at $170,121,565. Company insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective (up from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. Robert W. Baird boosted their target price on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. 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 target for the company. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.60.

Trade Desk Stock Performance

TTD stock opened at $118.27 on Tuesday. The stock’s fifty day moving average is $110.78 and its two-hundred day moving average is $99.72. The stock has a market capitalization of $58.14 billion, a price-to-earnings ratio of 236.54, a PEG ratio of 5.73 and a beta of 1.47. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $123.85.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was up 25.9% on a year-over-year basis. As a group, analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

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.