CENTRAL TRUST Co Has $1.86 Million Position in The Trade Desk, Inc. (NASDAQ:TTD)

CENTRAL TRUST Co lessened its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,950 shares of the technology company’s stock after selling 2,536 shares during the quarter. CENTRAL TRUST Co’s holdings in Trade Desk were worth $1,859,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Trade Desk by 11.4% in the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after acquiring an additional 70,201 shares during the last quarter. Venture Visionary Partners LLC raised its stake in shares of Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Trade Desk in the first quarter valued at approximately $1,034,000. Sei Investments Co. boosted its position in shares of Trade Desk by 16.3% during the first quarter. Sei Investments Co. now owns 246,188 shares of the technology company’s stock valued at $21,521,000 after buying an additional 34,520 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings 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 buying an additional 5,148 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TTD. Stifel Nicolaus lifted their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Truist Financial boosted their price target on shares of Trade Desk from $108.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Macquarie boosted their target price on Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Finally, Needham & Company LLC increased their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.97.

Trade Desk Stock Up 0.9 %

Shares of TTD opened at $118.21 on Friday. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $120.78. The stock has a market cap of $57.82 billion, a PE ratio of 295.53, a P/E/G ratio of 5.73 and a beta of 1.48. The business’s 50-day moving average price is $108.72 and its 200-day moving average price is $98.03.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same quarter in the prior year, the firm posted $0.07 EPS. Trade Desk’s revenue was up 25.9% on a year-over-year basis. Analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares in the company, valued at $3,269,019. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were 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 $3,269,019. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now owns 99,374 shares in the company, valued at approximately $9,887,713. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,557,897 shares of company stock worth $170,121,565. Corporate insiders own 10.18% of the company’s stock.

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.