The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Baron Wealth Management LLC

Baron Wealth Management LLC decreased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 17.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,548 shares of the technology company’s stock after selling 529 shares during the period. Baron Wealth Management LLC’s holdings in Trade Desk were worth $299,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in Trade Desk by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company’s stock worth $2,387,000 after purchasing an additional 2,593 shares during the period. Algert Global LLC increased its stake in Trade Desk by 22.5% during the second quarter. Algert Global LLC now owns 4,893 shares of the technology company’s stock worth $478,000 after acquiring an additional 900 shares during the last quarter. Creative Planning raised its holdings in shares of Trade Desk by 1.5% in the 2nd quarter. Creative Planning now owns 117,215 shares of the technology company’s stock worth $11,448,000 after purchasing an additional 1,781 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Trade Desk by 52.7% in the 2nd quarter. NewEdge Advisors LLC now owns 25,166 shares of the technology company’s stock valued at $2,458,000 after purchasing an additional 8,681 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Trade Desk by 19.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,481 shares of the technology company’s stock worth $2,293,000 after purchasing an additional 3,791 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 512,953 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total transaction of $63,949,850.51. Following the transaction, the chief executive officer now owns 243,476 shares in the company, valued at $30,354,152.92. This trade represents a 67.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 549,684 shares of company stock valued at $68,444,576. 9.72% of the stock is currently owned by corporate insiders.

Trade Desk Stock Performance

Trade Desk stock opened at $122.59 on Thursday. The firm has a market capitalization of $60.51 billion, a P/E ratio of 200.97, a P/E/G ratio of 3.82 and a beta of 1.45. The company has a 50-day simple moving average of $125.87 and a 200-day simple moving average of $114.01. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The business had revenue of $628.02 million for the quarter, compared to the consensus estimate of $619.89 million. During the same period last year, the firm posted $0.08 EPS. As a group, sell-side analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TTD shares. Oppenheimer lifted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. KeyCorp raised their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. JMP Securities initiated coverage on Trade Desk in a research report on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 target price for the company. Wells Fargo & Company increased their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Evercore ISI boosted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

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.