The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 59.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,805 shares of the technology company’s stock after selling 12,865 shares during the quarter. Sigma Planning Corp’s holdings in Trade Desk were worth $634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC lifted its stake in Trade Desk by 32.0% during the fourth quarter. CWM LLC now owns 17,211 shares of the technology company’s stock worth $1,239,000 after purchasing an additional 4,169 shares during the last quarter. abrdn plc lifted its stake in Trade Desk by 100.6% during the fourth quarter. abrdn plc now owns 152,854 shares of the technology company’s stock worth $10,999,000 after purchasing an additional 76,655 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Trade Desk by 5.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 3,979 shares of the technology company’s stock worth $286,000 after purchasing an additional 190 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Trade Desk by 58.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 949 shares of the technology company’s stock worth $68,000 after purchasing an additional 349 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Trade Desk by 0.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 51,663 shares of the technology company’s stock worth $3,717,000 after purchasing an additional 473 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD stock opened at $83.79 on Thursday. The firm has a market capitalization of $40.97 billion, a PE ratio of 232.76, a P/E/G ratio of 4.47 and a beta of 1.50. The Trade Desk, Inc. has a 1-year low of $59.36 and a 1-year high of $94.00. The business’s fifty day moving average price is $83.21 and its 200 day moving average price is $75.62.

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

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 2,600 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $86.41, for a total value of $224,666.00. Following the sale, the chief executive officer now owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Laura Schenkein sold 3,391 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $303,596.23. Following the sale, the chief financial officer now directly owns 653,366 shares in the company, valued at $58,495,857.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 2,600 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the sale, the chief executive officer now owns 974,022 shares in the company, valued at $84,165,241.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 492,170 shares of company stock valued at $41,250,398. Insiders own 10.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TTD. Stifel Nicolaus boosted their target price on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Benchmark boosted their target price on Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research note on Friday, February 16th. Seaport Res Ptn reiterated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Royal Bank of Canada boosted their price objective on Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company boosted their price objective on Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Two equities research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.75.

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.