The Trade Desk, Inc. (NASDAQ:TTD) is Arthedge Capital Management LLC’s 2nd Largest Position

Arthedge Capital Management LLC decreased its position in The Trade Desk, Inc. (NASDAQ:TTD) by 19.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 200,200 shares of the technology company’s stock after selling 49,300 shares during the period. Trade Desk comprises approximately 14.4% of Arthedge Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Arthedge Capital Management LLC’s holdings in Trade Desk were worth $21,952,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in Trade Desk during the 2nd quarter valued at $30,000. EdgeRock Capital LLC purchased a new stake in Trade Desk during the 2nd quarter worth about $37,000. Avior Wealth Management LLC raised its stake in Trade Desk by 37.7% in the 3rd 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 last quarter. Quarry LP acquired a new position in Trade Desk in the 2nd quarter valued at about $41,000. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 565,180 shares in the company, valued at $61,423,762.40. This represents a 26.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,128,938 shares of company stock worth $125,534,054. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Up 0.3 %

Shares of NASDAQ:TTD opened at $128.55 on Monday. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65. The company has a market cap of $63.45 billion, a PE ratio of 210.74, a P/E/G ratio of 5.83 and a beta of 1.47. The company’s 50-day moving average price is $119.46 and its 200 day moving average price is $105.41.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Bank of America started coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. UBS Group upped their target price on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Evercore ISI raised their price target on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Citigroup boosted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One investment 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. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $124.66.

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.