Alpha Cubed Investments LLC Sells 1,300 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Alpha Cubed Investments LLC lowered its position in The Trade Desk, Inc. (NASDAQ:TTD) by 22.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,600 shares of the technology company’s stock after selling 1,300 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Trade Desk were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Baron Wealth Management LLC bought a new position in shares of Trade Desk during the third quarter worth $270,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Trade Desk by 41.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 207,465 shares of the technology company’s stock valued at $16,213,000 after purchasing an additional 60,503 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Trade Desk by 2.0% during the 3rd quarter. Xponance Inc. now owns 63,317 shares of the technology company’s stock valued at $4,948,000 after purchasing an additional 1,236 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of Trade Desk by 40.3% during the 3rd quarter. Dakota Wealth Management now owns 14,188 shares of the technology company’s stock valued at $1,109,000 after purchasing an additional 4,073 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Trade Desk by 10.7% during the 3rd quarter. Raymond James & Associates now owns 223,656 shares of the technology company’s stock valued at $17,479,000 after purchasing an additional 21,683 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 3.1 %

Shares of NASDAQ TTD opened at $85.41 on Thursday. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $94.00. The firm has a market cap of $41.76 billion, a PE ratio of 237.26, a price-to-earnings-growth ratio of 4.57 and a beta of 1.50. The business has a fifty day simple moving average of $83.45 and a two-hundred day simple moving average of $75.69.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 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 for the quarter, compared to analysts’ expectations of $582.61 million. On average, research analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Insider Activity

In other news, insider Samantha Jacobson sold 15,006 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the sale, the insider now owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the completion of the transaction, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now directly owns 139,794 shares in the company, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 642,170 shares of company stock worth $53,970,398. 10.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on TTD. Susquehanna increased their price objective on shares of Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a report on Friday, February 16th. Benchmark lifted their price target on Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research report on Friday, February 16th. KeyCorp raised their price objective on Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Royal Bank of Canada boosted their target price on Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, BMO Capital Markets raised their price target on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $90.38.

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.