CNB Bank Sells 270 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

CNB Bank lowered its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,217 shares of the technology company’s stock after selling 270 shares during the quarter. CNB Bank’s holdings in Trade Desk were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its stake in Trade Desk by 2,885.7% during the second quarter. Federated Hermes Inc. now owns 60,491 shares of the technology company’s stock worth $5,908,000 after buying an additional 58,465 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Trade Desk by 7.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 676,933 shares of the technology company’s stock worth $66,116,000 after acquiring an additional 45,627 shares during the last quarter. Edgestream Partners L.P. boosted its stake in shares of Trade Desk by 130.8% during the 2nd quarter. Edgestream Partners L.P. now owns 8,636 shares of the technology company’s stock worth $843,000 after purchasing an additional 4,895 shares during the period. Axxcess Wealth Management LLC raised its position in Trade Desk by 11.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 5,625 shares of the technology company’s stock worth $549,000 after purchasing an additional 584 shares during the period. Finally, Amalgamated Bank raised its position in Trade Desk by 1.2% in the 2nd quarter. Amalgamated Bank now owns 29,871 shares of the technology company’s stock worth $2,918,000 after purchasing an additional 349 shares during the period. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 2.8 %

NASDAQ:TTD opened at $124.25 on Friday. The company has a market capitalization of $61.32 billion, a P/E ratio of 203.40, a PEG ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $63.63 and a 12 month high of $141.53. The firm has a fifty day simple moving average of $126.31 and a 200-day simple moving average of $112.51.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’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 completion of the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TTD shares. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. Citigroup upped their price target on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Moffett Nathanson initiated coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $132.55.

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.