Atria Investments Inc Has $2.78 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Atria Investments Inc lowered its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 6.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,766 shares of the technology company’s stock after selling 2,163 shares during the quarter. Atria Investments Inc’s holdings in Trade Desk were worth $2,777,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $2,626,000. Franklin Resources Inc. lifted its position in shares of Trade Desk by 15.7% during the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after buying an additional 53,441 shares during the period. Nordea Investment Management AB lifted its position in shares of Trade Desk by 11.4% during the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after buying an additional 70,201 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Trade Desk by 30.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock worth $21,078,000 after buying an additional 67,520 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in shares of Trade Desk by 30.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 66,370 shares of the technology company’s stock worth $4,776,000 after buying an additional 15,423 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TTD. Truist Financial reaffirmed a “buy” rating and set a $105.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Jefferies Financial Group raised Trade Desk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $105.00 in a research note on Thursday, May 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $108.00 price objective (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Loop Capital lifted their target price on Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Wolfe Research initiated coverage on Trade Desk in a report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.17.

Insider Transactions at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of Trade Desk stock in a transaction on Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the sale, the chief financial officer now directly owns 703,038 shares in the company, valued at approximately $67,055,764.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 43,705 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the sale, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the sale, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The disclosure for this sale can be found here. Insiders have sold 213,909 shares of company stock worth $20,827,601 in the last 90 days. 10.18% of the stock is currently owned by insiders.

Trade Desk Price Performance

TTD stock traded down $4.67 during trading on Friday, reaching $83.08. The company had a trading volume of 4,948,864 shares, compared to its average volume of 3,636,474. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $102.67. The company has a market cap of $40.64 billion, a P/E ratio of 207.71, a PEG ratio of 4.49 and a beta of 1.48. The business has a 50 day moving average of $96.20 and a 200 day moving average of $86.40.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The company had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. Research analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

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.