Crossmark Global Holdings Inc. Reduces Position in The Trade Desk, Inc. (NASDAQ:TTD)

Crossmark Global Holdings Inc. reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,644 shares of the technology company’s stock after selling 106 shares during the period. Crossmark Global Holdings Inc.’s holdings in Trade Desk were worth $400,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Venture Visionary Partners LLC grew its holdings in Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares in the last quarter. Assetmark Inc. increased its position in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after purchasing an additional 70,687 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Trade Desk by 5.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock worth $9,179,000 after purchasing an additional 5,148 shares during the period. Blair William & Co. IL raised its stake in Trade Desk by 61.2% during the first quarter. Blair William & Co. IL now owns 15,525 shares of the technology company’s stock worth $1,357,000 after purchasing an additional 5,893 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in Trade Desk by 109.9% in the 3rd quarter. Stephens Investment Management Group LLC now owns 163,084 shares of the technology company’s stock valued at $17,882,000 after purchasing an additional 85,380 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $118.15 on Monday. The stock’s 50-day moving average is $115.25 and its two-hundred day moving average is $102.75. The company has a market cap of $58.08 billion, a price-to-earnings ratio of 193.69, a price-to-earnings-growth ratio of 5.35 and a beta of 1.47. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group lifted their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Loop Capital raised their target price on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. KeyCorp upped their price target on Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Stifel Nicolaus raised their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, BTIG Research upped their target price on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.65.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The trade was a 42.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,548,289 shares of company stock valued at $169,165,185. 9.72% of the stock is currently 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.