Knuff & Co LLC Sells 2,277 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Knuff & Co LLC trimmed its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,312 shares of the technology company’s stock after selling 2,277 shares during the quarter. Trade Desk makes up 4.2% of Knuff & Co LLC’s holdings, making the stock its 4th biggest holding. Knuff & Co LLC’s holdings in Trade Desk were worth $13,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caprock Group LLC boosted its stake in Trade Desk by 1.0% during the third quarter. Caprock Group LLC now owns 12,883 shares of the technology company’s stock worth $1,413,000 after acquiring an additional 132 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of Trade Desk by 14.1% during the 3rd quarter. Pathstone Holdings LLC now owns 18,284 shares of the technology company’s stock worth $2,005,000 after purchasing an additional 2,263 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Trade Desk by 3.2% during the 3rd quarter. Meeder Advisory Services Inc. now owns 10,146 shares of the technology company’s stock worth $1,113,000 after purchasing an additional 313 shares in the last quarter. CAP Partners LLC grew its stake in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares during the period. Finally, Quest Partners LLC bought a new stake in Trade Desk in the 3rd quarter valued at about $85,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TTD shares. New Street Research lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price target on the stock. in a report on Tuesday, October 29th. Macquarie lifted their price target on shares of Trade Desk from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Benchmark restated a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a report on Friday, November 8th. Citigroup lifted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus boosted their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.65.

Trade Desk Stock Down 0.8 %

Shares of TTD opened at $117.26 on Tuesday. The business’s 50-day moving average price is $115.61 and its 200-day moving average price is $102.96. The stock has a market cap of $57.88 billion, a PE ratio of 192.23, a P/E/G ratio of 5.35 and a beta of 1.47. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction dated 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 directly owns 664,261 shares in the company, valued at approximately $68,897,150.92. This represents a 16.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the completion of the sale, the insider now directly owns 178,853 shares of the company’s stock, valued at $19,432,378.45. This trade represents a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,548,289 shares of company stock valued at $169,165,185 in the last three months. Company insiders own 9.72% of the company’s stock.

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.