Paradiem LLC Sells 10,144 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Paradiem LLC cut its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,080 shares of the technology company’s stock after selling 10,144 shares during the quarter. Paradiem LLC’s holdings in Trade Desk were worth $3,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TTD. 9258 Wealth Management LLC increased its holdings in shares of Trade Desk by 2.2% in the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock worth $476,000 after purchasing an additional 131 shares during the last quarter. Latitude Advisors LLC grew its position in Trade Desk by 5.0% in the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock worth $220,000 after acquiring an additional 133 shares in the last quarter. Level Financial Advisors Inc. grew its position in Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Mutual Advisors LLC grew its position in Trade Desk by 3.6% in the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock worth $324,000 after acquiring an additional 156 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock worth $38,000 after acquiring an additional 175 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Samantha Jacobson sold 15,006 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total transaction of $1,254,051.42. Following the sale, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 492,170 shares of company stock valued at $41,250,398. 10.18% of the stock is owned by insiders.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded up $1.39 during mid-day trading on Friday, hitting $84.73. The stock had a trading volume of 2,944,850 shares, compared to its average volume of 2,656,220. The company has a 50 day moving average of $83.47 and a two-hundred day moving average of $75.67. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $94.00. The firm has a market cap of $41.43 billion, a PE ratio of 235.37, a PEG ratio of 4.67 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The firm had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Equities research analysts predict that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on TTD. Wells Fargo & Company boosted their target price on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Trade Desk in a research report on Thursday, March 21st. BTIG Research boosted their target price on Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Truist Financial boosted their target price on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Piper Sandler boosted their target price on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

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.