The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 255,856 shares of the technology company’s stock after selling 49,807 shares during the period. National Bank of Canada FI owned about 0.05% of Trade Desk worth $18,061,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TTD. Jennison Associates LLC increased its stake in shares of Trade Desk by 91.7% during the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after buying an additional 6,978,352 shares during the period. Invesco Ltd. raised its holdings in shares of Trade Desk by 9.6% in the 3rd quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock valued at $461,039,000 after purchasing an additional 517,842 shares in the last quarter. Northern Trust Corp lifted its position in shares of Trade Desk by 3.6% during the 3rd quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock worth $223,593,000 after purchasing an additional 98,286 shares during the last quarter. ARK Investment Management LLC grew its stake in shares of Trade Desk by 1,162.0% during the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after purchasing an additional 1,979,319 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Trade Desk by 17.9% in the third quarter. Lord Abbett & CO. LLC now owns 1,937,962 shares of the technology company’s stock valued at $151,452,000 after buying an additional 294,089 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of TTD opened at $89.64 on Wednesday. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $94.00. The company’s 50 day simple moving average is $83.95 and its 200 day simple moving average is $76.02. The company has a market capitalization of $43.83 billion, a price-to-earnings ratio of 249.01, a PEG ratio of 4.88 and a beta of 1.50.

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

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now directly owns 52,387 shares in the company, valued at $4,377,981.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the sale, the insider now owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The disclosure for this sale can be found here. Insiders sold 642,170 shares of company stock worth $53,970,398 in the last 90 days. 10.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. KeyCorp lifted their price target on Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Trade Desk in a research note on Thursday, March 21st. Piper Sandler boosted their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Wells Fargo & Company increased their target price on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Finally, Stephens reissued an “overweight” rating and issued a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $90.38.

Trade Desk 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.