EverSource Wealth Advisors LLC Sells 1,100 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

EverSource Wealth Advisors LLC trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD) by 54.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 914 shares of the technology company’s stock after selling 1,100 shares during the period. EverSource Wealth Advisors LLC’s holdings in Trade Desk were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of TTD. Pinnacle Bancorp Inc. boosted its stake in Trade Desk by 119.9% during the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after acquiring an additional 163 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $27,000. Bogart Wealth LLC grew its stake in shares of Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after buying an additional 222 shares during the last quarter. Jones Financial Companies Lllp increased its position in Trade Desk by 889.4% during the 4th quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after buying an additional 418 shares in the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Trade Desk in the fourth quarter worth $63,000. Institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

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

Trade Desk Stock Performance

NASDAQ:TTD traded up $2.42 during trading hours on Tuesday, reaching $85.64. The stock had a trading volume of 1,612,169 shares, compared to its average volume of 4,118,875. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $102.67. The company has a 50 day moving average price of $95.97 and a two-hundred day moving average price of $86.83. The stock has a market capitalization of $41.89 billion, a PE ratio of 211.76, a PEG ratio of 4.26 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. Equities research analysts predict that The Trade Desk, Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. KeyCorp lifted their target price on Trade Desk from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Morgan Stanley increased their price objective on Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Susquehanna restated a “positive” rating and set a $110.00 target price on shares of Trade Desk in a research note on Thursday, May 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.17.

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.