Duality Advisers LP Sells 5,114 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Duality Advisers LP trimmed its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 30.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,956 shares of the technology company’s stock after selling 5,114 shares during the quarter. Duality Advisers LP’s holdings in Trade Desk were worth $860,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. 9258 Wealth Management LLC boosted its position in shares of Trade Desk by 2.2% in the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock valued at $476,000 after acquiring an additional 131 shares during the period. Latitude Advisors LLC boosted its position in shares of Trade Desk by 5.0% in the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after acquiring an additional 133 shares during the period. Newbridge Financial Services Group Inc. boosted its position in shares of Trade Desk by 8.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,875 shares of the technology company’s stock valued at $147,000 after acquiring an additional 150 shares during the period. Level Financial Advisors Inc. boosted its position in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Finally, Mutual Advisors LLC boosted its position in shares of Trade Desk by 3.6% in the fourth quarter. Mutual Advisors LLC now owns 4,502 shares of the technology company’s stock valued at $324,000 after acquiring an additional 156 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insider Activity

In other news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now owns 139,794 shares of the company’s stock, valued at $12,515,756.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the sale, the chief executive officer now directly owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares in the company, valued at $12,515,756.82. The disclosure for this sale can be found here. Insiders sold 492,170 shares of company stock valued at $41,250,398 over the last quarter. 10.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Benchmark boosted their target price on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. Oppenheimer boosted their target price on shares of Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Royal Bank of Canada upped their price objective on shares of Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. KeyCorp upped their price objective on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Truist Financial upped their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Trade Desk Trading Up 3.4 %

Shares of NASDAQ TTD opened at $83.79 on Thursday. The company has a market cap of $40.97 billion, a price-to-earnings ratio of 232.76, a PEG ratio of 4.47 and a beta of 1.50. The Trade Desk, Inc. has a 12 month low of $59.36 and a 12 month high of $94.00. The stock has a 50-day moving average price of $83.21 and a two-hundred day moving average price of $75.62.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The firm had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. On average, sell-side analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share 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.