The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC decreased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,971 shares of the technology company’s stock after selling 209 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Trade Desk were worth $702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Trade Desk by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock valued at $2,387,000 after acquiring an additional 2,593 shares during the last quarter. Algert Global LLC increased its position in shares of Trade Desk by 22.5% during the second quarter. Algert Global LLC now owns 4,893 shares of the technology company’s stock worth $478,000 after purchasing an additional 900 shares in the last quarter. Quarry LP acquired a new position in Trade Desk in the 2nd quarter valued at $41,000. Truist Financial Corp lifted its holdings in Trade Desk by 10.6% in the 2nd quarter. Truist Financial Corp now owns 110,300 shares of the technology company’s stock valued at $10,773,000 after purchasing an additional 10,582 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Trade Desk during the 2nd quarter worth $4,214,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The shares were 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 directly owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 553,982 shares of company stock worth $68,954,147. Insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TTD. Morgan Stanley raised their price target on shares of Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $85.00 to $115.00 in a report on Monday, November 25th. Wolfe Research increased their price target on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. DA Davidson boosted their price objective on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Evercore ISI upped their target price on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Trading Down 0.2 %

Shares of NASDAQ:TTD opened at $118.68 on Monday. The firm has a 50 day simple moving average of $125.48 and a 200-day simple moving average of $114.40. The company has a market capitalization of $58.58 billion, a PE ratio of 194.56, a P/E/G ratio of 3.75 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same quarter in the prior year, the company earned $0.08 EPS. As a group, equities research analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Trade Desk Company 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.