Arrowroot Family Office LLC Sells 2,406 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Arrowroot Family Office LLC decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 51.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,263 shares of the technology company’s stock after selling 2,406 shares during the period. Arrowroot Family Office LLC’s holdings in Trade Desk were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in Trade Desk by 175.0% in the 1st quarter. Cetera Investment Advisers now owns 142,702 shares of the technology company’s stock valued at $12,475,000 after acquiring an additional 90,818 shares in the last quarter. Cetera Advisors LLC increased its holdings in Trade Desk by 152.2% in the 1st quarter. Cetera Advisors LLC now owns 41,593 shares of the technology company’s stock valued at $3,636,000 after buying an additional 25,098 shares during the period. GAMMA Investing LLC raised its position in shares of Trade Desk by 17.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,824 shares of the technology company’s stock valued at $178,000 after buying an additional 266 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Trade Desk by 11.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,494 shares of the technology company’s stock worth $146,000 after acquiring an additional 159 shares during the period. Finally, DNB Asset Management AS lifted its holdings in shares of Trade Desk by 3.8% during the 2nd quarter. DNB Asset Management AS now owns 70,490 shares of the technology company’s stock worth $6,885,000 after acquiring an additional 2,591 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TTD shares. Benchmark reaffirmed a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. Truist Financial boosted their target price on Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. DA Davidson raised their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. 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 report on Friday, November 8th. Finally, New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their target price for the company from $85.00 to $115.00 in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.66.

Trade Desk Price Performance

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’s 50-day moving average is $119.46 and its 200 day moving average is $105.41. The firm has a market capitalization of $63.45 billion, a P/E ratio of 210.74, a PEG ratio of 5.83 and a beta of 1.47.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the transaction, the chief executive officer now owns 765,180 shares of the company’s stock, valued at $83,764,254.60. This represents a 20.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

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.