The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC cut its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 86.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,105 shares of the technology company’s stock after selling 26,255 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Trade Desk were worth $450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Apella Capital LLC raised its stake in Trade Desk by 1.9% in the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after buying an additional 100 shares in the last quarter. Wealth Alliance lifted its stake in Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after purchasing an additional 106 shares during the last quarter. Parisi Gray Wealth Management lifted its stake in Trade Desk by 2.6% during the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock worth $486,000 after purchasing an additional 111 shares during the last quarter. RFP Financial Group LLC boosted its holdings in Trade Desk by 26.4% in the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after purchasing an additional 116 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in Trade Desk by 6.2% in the third quarter. Compagnie Lombard Odier SCmA now owns 2,123 shares of the technology company’s stock valued at $233,000 after purchasing an additional 123 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now directly owns 3,516 shares of the company’s stock, valued at $351,846.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Trade Desk news, Director Andrea Lee Cunningham sold 1,606 shares of Trade Desk stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the transaction, the director now owns 3,516 shares in the company, valued at approximately $351,846.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 1,557,897 shares of company stock valued at $170,121,565 in the last quarter. 9.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TTD has been the subject of several research analyst reports. Royal Bank of Canada upped their target price on shares of Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 9th. StockNews.com upgraded Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Truist Financial upped their target price on Trade Desk from $108.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Citigroup lifted their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Loop Capital increased their price objective on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.97.

Trade Desk Stock Performance

Trade Desk stock opened at $117.17 on Thursday. The company has a market cap of $57.60 billion, a P/E ratio of 234.34, a price-to-earnings-growth ratio of 5.72 and a beta of 1.48. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $120.78. The business has a fifty day moving average of $108.37 and a two-hundred day moving average of $97.88.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. Sell-side analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Trade Desk Company 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.