Ashton Thomas Private Wealth LLC Decreases Position in The Trade Desk, Inc. (NASDAQ:TTD)

Ashton Thomas Private Wealth LLC trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD) by 4.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,988 shares of the technology company’s stock after selling 298 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Trade Desk were worth $766,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in shares of Trade Desk in the second quarter worth approximately $30,000. JFS Wealth Advisors LLC boosted its stake in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after purchasing an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk in the second quarter valued at about $37,000. Finally, Quarry LP purchased a new position in shares of Trade Desk in the second quarter worth about $41,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Price Performance

NASDAQ TTD opened at $127.25 on Thursday. The company has a market cap of $62.55 billion, a P/E ratio of 208.61, a P/E/G ratio of 6.25 and a beta of 1.47. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The stock has a 50-day moving average of $114.45 and a two-hundred day moving average of $102.09.

Insider Activity at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares in the company, valued at $68,897,150.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at approximately $80,102,994.79. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,556,291 shares of company stock worth $169,960,852. Corporate insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of several research reports. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Oppenheimer upped their price target on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Citigroup lifted their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Moffett Nathanson began coverage on Trade Desk in a report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price for the company. Finally, UBS Group lifted their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.65.

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.