Lyell Wealth Management LP Sells 10,000 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Lyell Wealth Management LP reduced its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,135 shares of the technology company’s stock after selling 10,000 shares during the period. Lyell Wealth Management LP’s holdings in Trade Desk were worth $8,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at $30,000. EdgeRock Capital LLC acquired a new position in Trade Desk in the second quarter valued at about $37,000. Quarry LP bought a new position in Trade Desk during the second quarter worth about $41,000. Brown Lisle Cummings Inc. grew its position in shares of 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 buying an additional 150 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Trade Desk in the 2nd quarter valued at about $43,000. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Bank of America started coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They set a “buy” rating and a $135.00 price objective on the stock. Wedbush reissued an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Stifel Nicolaus upped their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Loop Capital lifted their target price on Trade Desk from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Truist Financial boosted their target price on Trade Desk from $108.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.97.

Trade Desk Trading Up 1.1 %

NASDAQ TTD opened at $119.47 on Friday. The stock has a 50 day moving average of $109.08 and a 200-day moving average of $98.25. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $121.44. The company has a market cap of $58.44 billion, a PE ratio of 298.68, a PEG ratio of 5.73 and a beta of 1.48.

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

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now owns 664,261 shares in the company, valued at $68,897,150.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,121,565 in the last three months. 10.18% of the stock is currently owned by company insiders.

Trade Desk 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.