Sapient Capital LLC Sells 970 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Sapient Capital LLC decreased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,226 shares of the technology company’s stock after selling 970 shares during the period. Sapient Capital LLC’s holdings in Trade Desk were worth $497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTD. Harbor Investment Advisory LLC raised its stake in Trade Desk by 68.8% in the fourth 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. Synergy Asset Management LLC bought a new position in shares of Trade Desk during the fourth quarter worth approximately $34,000. Exchange Traded Concepts LLC bought a new position in shares of Trade Desk during the fourth quarter worth approximately $35,000. Avior Wealth Management LLC increased its stake 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 worth $40,000 after purchasing an additional 100 shares during the period. Finally, Brown Lisle Cummings Inc. increased its stake in shares of Trade Desk by 66.7% during the third 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 period. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TTD shares. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and increased their target price for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. Royal Bank of Canada increased their target price on Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. BTIG Research increased their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. DA Davidson increased their target price on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company increased their target price on Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.20.

Trade Desk Stock Down 1.9 %

NASDAQ TTD opened at $120.21 on Wednesday. The Trade Desk, Inc. has a twelve month low of $70.71 and a twelve month high of $141.53. The company has a market cap of $59.33 billion, a price-to-earnings ratio of 197.07, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The business’s fifty day moving average is $123.54 and its 200 day moving average is $115.49.

Insider Activity at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,029 shares of company stock valued at $5,004,296 in the last 90 days. 9.72% of the stock is owned by corporate insiders.

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.