The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Pitcairn Co.

Pitcairn Co. decreased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 11.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,265 shares of the technology company’s stock after selling 543 shares during the quarter. Pitcairn Co.’s holdings in Trade Desk were worth $468,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TTD. Lazard Asset Management LLC lifted its stake in shares of Trade Desk by 1.4% in the first quarter. Lazard Asset Management LLC now owns 12,755 shares of the technology company’s stock valued at $1,114,000 after purchasing an additional 171 shares during the period. SVB Wealth LLC purchased a new stake in Trade Desk during the 1st quarter worth about $231,000. Silvercrest Asset Management Group LLC raised its stake in Trade Desk by 7.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 51,086 shares of the technology company’s stock valued at $4,466,000 after purchasing an additional 3,532 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Trade Desk by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 704,304 shares of the technology company’s stock valued at $61,570,000 after purchasing an additional 5,870 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in shares of Trade Desk by 4.2% during the first quarter. iA Global Asset Management Inc. now owns 41,814 shares of the technology company’s stock worth $3,655,000 after purchasing an additional 1,679 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 0.3 %

NASDAQ TTD opened at $128.98 on Wednesday. The firm has a market cap of $63.66 billion, a P/E ratio of 211.44, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The company’s 50 day moving average is $117.86 and its 200-day moving average is $104.26. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $132.65.

Insider Buying and Selling

In related news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the transaction, the chief financial officer now owns 693,953 shares in the company, valued at $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the transaction, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Corporate insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. BTIG Research boosted their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI increased their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Macquarie boosted their price objective on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Robert W. Baird increased their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $124.66.

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.