BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $8.15 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,295 shares of the technology company’s stock after selling 10,897 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Trade Desk were worth $8,146,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in shares of Trade Desk during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC bought a new stake in Trade Desk in the second quarter valued at $37,000. Avior Wealth Management LLC raised its holdings in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the period. Quarry LP bought a new position in shares of Trade Desk during the 2nd quarter worth about $41,000. Finally, Brown Lisle Cummings Inc. increased its position in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 0.3 %

Shares of NASDAQ:TTD opened at $128.55 on Monday. The company has a 50-day moving average price of $119.46 and a two-hundred day moving average price of $105.30. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The firm has a market capitalization of $63.45 billion, a PE ratio of 210.74, a P/E/G ratio of 5.83 and a beta of 1.47.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00. Following the sale, the chief executive officer now directly owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. This represents a 26.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the transaction, the insider now directly owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,128,938 shares of company stock valued at $125,534,054. Company insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TTD shares. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday. Moffett Nathanson started coverage on shares of Trade Desk in a research report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price target for the company. Macquarie upped their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Truist Financial lifted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Citigroup raised their price target on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.66.

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.