Axxcess Wealth Management LLC Sells 491 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Axxcess Wealth Management LLC lowered its position in The Trade Desk, Inc. (NASDAQ:TTD) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,134 shares of the technology company’s stock after selling 491 shares during the period. Axxcess Wealth Management LLC’s holdings in Trade Desk were worth $563,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new position in Trade Desk during the 2nd quarter worth about $30,000. EdgeRock Capital LLC bought a new position in Trade Desk during the 2nd quarter worth about $37,000. Quarry LP bought a new position in Trade Desk during the 2nd quarter worth about $41,000. Brown Lisle Cummings Inc. increased its holdings in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after acquiring an additional 247 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the subject of several analyst reports. Bank of America initiated coverage on Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. Royal Bank of Canada raised their price objective on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Wedbush raised their price objective on Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price objective for the company. in a report on Tuesday, October 29th. Finally, Benchmark restated a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.65.

Trade Desk Trading Down 3.0 %

Shares of TTD opened at $127.25 on Thursday. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $132.65. The firm’s 50 day moving average is $114.45 and its 200-day moving average is $102.09. The stock has a market capitalization of $62.55 billion, a PE ratio of 208.61, a P/E/G ratio of 6.25 and a beta of 1.47.

Insider Transactions at Trade Desk

In other news, CFO Laura Schenkein sold 3,130 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.50, for a total value of $484,764.00. Following the transaction, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Laura Schenkein sold 3,130 shares of Trade Desk stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at $68,930,351.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,556,291 shares of company stock valued at $169,960,852. 9.72% of the stock is currently owned by company 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.