Parisi Gray Wealth Management Lowers Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Parisi Gray Wealth Management lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,079 shares of the technology company’s stock after selling 630 shares during the quarter. Parisi Gray Wealth Management’s holdings in Trade Desk were worth $294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NBC Securities Inc. acquired a new stake in Trade Desk in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Trade Desk during the 3rd quarter valued at approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Trade Desk during the 3rd quarter valued at approximately $29,000. MUFG Americas Holdings Corp acquired a new stake in shares of Trade Desk during the 3rd quarter valued at approximately $30,000. Finally, Ancora Advisors LLC lifted its position in shares of Trade Desk by 56.5% during the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 2,999 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the sale, the director now owns 36,312 shares in the company, valued at approximately $2,278,941.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the transaction, the chief executive officer now owns 1,551,987 shares of the company’s stock, valued at approximately $126,905,976.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 2,999 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $62.76, for a total value of $188,217.24. Following the completion of the transaction, the director now directly owns 36,312 shares of the company’s stock, valued at approximately $2,278,941.12. The disclosure for this sale can be found here. Insiders have sold a total of 426,562 shares of company stock valued at $35,446,258 in the last three months. Insiders own 10.81% of the company’s stock.

Trade Desk Trading Up 0.8 %

Shares of NASDAQ TTD traded up $0.73 during mid-day trading on Thursday, reaching $87.94. The company had a trading volume of 113,591 shares, compared to its average volume of 5,027,636. The Trade Desk, Inc. has a 1-year low of $57.17 and a 1-year high of $94.00. The stock has a market cap of $43.00 billion, a PE ratio of 242.26, a P/E/G ratio of 4.80 and a beta of 1.50. The company has a 50-day moving average price of $77.57 and a two-hundred day moving average price of $75.03.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.05). The business had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. On average, research analysts expect that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Piper Sandler boosted their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Trade Desk in a research note on Thursday, March 21st. HSBC initiated coverage on shares of Trade Desk in a research note on Monday, December 18th. They set a “buy” rating and a $83.20 price objective for the company. Finally, Susquehanna increased their target price on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.75.

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.