The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Knuff & Co LLC

Knuff & Co LLC lessened its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.5% in the 4th quarter, Holdings Channel reports. The firm owned 118,446 shares of the technology company’s stock after selling 6,866 shares during the period. Trade Desk accounts for 4.2% of Knuff & Co LLC’s investment portfolio, making the stock its 5th largest holding. Knuff & Co LLC’s holdings in Trade Desk were worth $13,921,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TTD. Rialto Wealth Management LLC acquired a new stake in Trade Desk in the 4th quarter valued at about $26,000. Harbor Investment Advisory LLC grew its stake in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of Trade Desk in the 4th quarter valued at approximately $34,000. Exchange Traded Concepts LLC purchased a new stake in shares of Trade Desk in the 4th quarter valued at approximately $35,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Trade Desk in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,029 shares of company stock worth $5,004,296. Insiders own 9.72% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of several analyst reports. Citigroup dropped their price target on shares of Trade Desk from $140.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on shares of Trade Desk from $142.00 to $101.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. KeyCorp increased their price target on shares of Trade Desk from $140.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Scotiabank dropped their price target on shares of Trade Desk from $133.00 to $83.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Finally, Citizens Jmp raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $119.45.

Trade Desk Stock Down 2.4 %

TTD opened at $58.84 on Wednesday. The business has a 50 day moving average of $102.74 and a 200-day moving average of $112.90. The Trade Desk, Inc. has a 52 week low of $58.57 and a 52 week high of $141.53. The stock has a market cap of $29.19 billion, a PE ratio of 75.44, a PEG ratio of 3.11 and a beta of 1.63.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. Equities analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk declared that its board has approved a share repurchase program on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.