CMH Wealth Management LLC Sells 13,860 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

CMH Wealth Management LLC trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,401 shares of the technology company’s stock after selling 13,860 shares during the quarter. CMH Wealth Management LLC’s holdings in Trade Desk were worth $6,629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Edgewood Management LLC raised its holdings in Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares during the period. Jennison Associates LLC increased its position in shares of Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after acquiring an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Trade Desk by 4.7% during the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock worth $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. International Assets Investment Management LLC lifted its position in Trade Desk by 10,856.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after acquiring an additional 1,558,465 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after purchasing an additional 872,555 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Performance

TTD stock opened at $124.42 on Tuesday. The Trade Desk, Inc. has a fifty-two week low of $63.63 and a fifty-two week high of $141.53. The stock’s 50 day simple moving average is $126.20 and its 200 day simple moving average is $113.07. The company has a market cap of $61.41 billion, a P/E ratio of 203.97, a price-to-earnings-growth ratio of 3.94 and a beta of 1.45.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the business’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 value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Evercore ISI increased their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Wolfe Research upped their target price on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. UBS Group raised their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Scotiabank started coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price target for the company. 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 company’s stock. Based on data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

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.