The Trade Desk, Inc. (NASDAQ:TTD) Position Decreased by Capasso Planning Partners LLC

Capasso Planning Partners LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,160 shares of the technology company’s stock after selling 6,321 shares during the quarter. Trade Desk accounts for about 3.3% of Capasso Planning Partners LLC’s holdings, making the stock its 6th largest position. Capasso Planning Partners LLC’s holdings in Trade Desk were worth $6,190,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in Trade Desk by 15.8% in the second quarter. PNC Financial Services Group Inc. now owns 50,234 shares of the technology company’s stock worth $3,879,000 after acquiring an additional 6,851 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Trade Desk in the 2nd quarter worth approximately $4,032,000. MetLife Investment Management LLC raised its holdings in shares of Trade Desk by 1.8% in the 2nd quarter. MetLife Investment Management LLC now owns 27,086 shares of the technology company’s stock worth $2,092,000 after purchasing an additional 489 shares during the period. Bessemer Group Inc. purchased a new position in Trade Desk in the second quarter valued at approximately $125,000. Finally, King Luther Capital Management Corp grew its holdings in Trade Desk by 0.7% during the second quarter. King Luther Capital Management Corp now owns 23,169 shares of the technology company’s stock valued at $1,789,000 after purchasing an additional 169 shares during the period. 68.23% of the stock is currently owned by institutional investors.

Insider Activity at Trade Desk

In other news, CFO Laura Schenkein sold 2,613 shares of Trade Desk stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $66.48, for a total transaction of $173,712.24. Following the sale, the chief financial officer now owns 660,009 shares of the company’s stock, valued at approximately $43,877,398.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Laura Schenkein sold 2,613 shares of Trade Desk stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $66.48, for a total transaction of $173,712.24. Following the sale, the chief financial officer now directly owns 660,009 shares in the company, valued at $43,877,398.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $68.15, for a total value of $204,381.85. Following the completion of the transaction, the director now owns 42,310 shares of the company’s stock, valued at approximately $2,883,426.50. The disclosure for this sale can be found here. Insiders sold a total of 442,014 shares of company stock worth $35,244,721 over the last quarter. 10.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TTD has been the topic of a number of recent research reports. Citigroup upped their price target on Trade Desk from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. StockNews.com assumed coverage on shares of Trade Desk in a research report on Thursday, October 5th. They set a “hold” rating for the company. Susquehanna lowered their price target on shares of Trade Desk from $105.00 to $75.00 and set a “positive” rating on the stock in a research report on Friday, November 10th. William Blair assumed coverage on shares of Trade Desk in a report on Wednesday, September 6th. They issued an “outperform” rating for the company. Finally, Loop Capital started coverage on shares of Trade Desk in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.71.

Trade Desk Trading Down 2.4 %

NASDAQ TTD traded down $1.63 on Tuesday, hitting $65.66. The company’s stock had a trading volume of 1,197,429 shares, compared to its average volume of 4,402,508. The firm has a market cap of $32.19 billion, a P/E ratio of 217.06, a PEG ratio of 5.74 and a beta of 1.68. The Trade Desk, Inc. has a 52-week low of $41.20 and a 52-week high of $91.85. The company’s 50-day simple moving average is $76.09 and its 200 day simple moving average is $76.55.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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.