One Charles Private Wealth Services LLC Decreases Position in The Trade Desk, Inc. (NASDAQ:TTD)

One Charles Private Wealth Services LLC lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,225 shares of the technology company’s stock after selling 1,000 shares during the quarter. One Charles Private Wealth Services LLC’s holdings in Trade Desk were worth $520,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Jennison Associates LLC raised its stake in shares of Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after buying an additional 6,978,352 shares during the period. Invesco Ltd. lifted its holdings in Trade Desk by 9.6% during the third quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company’s stock valued at $461,039,000 after purchasing an additional 517,842 shares during the last quarter. Northern Trust Corp boosted its position in Trade Desk by 3.6% during the third quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company’s stock worth $223,593,000 after purchasing an additional 98,286 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Trade Desk by 9.1% in the third quarter. Bank of New York Mellon Corp now owns 2,203,957 shares of the technology company’s stock worth $172,239,000 after purchasing an additional 182,918 shares in the last quarter. Finally, ARK Investment Management LLC raised its position in shares of Trade Desk by 1,162.0% in the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after purchasing an additional 1,979,319 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the completion of the sale, the chief executive officer now owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the transaction, the insider now owns 139,794 shares in the company, valued at approximately $12,515,756.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $84.47, for a total value of $6,335,250.00. Following the completion of the sale, the chief executive officer now owns 824,022 shares of the company’s stock, valued at approximately $69,605,138.34. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock worth $53,970,398 in the last ninety days. 10.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTD. Benchmark lifted their price objective on shares of Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research note on Friday, February 16th. Truist Financial boosted their price objective on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 16th. BTIG Research lifted their target price on Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Stephens reissued an “overweight” rating and issued a $85.00 price target on shares of Trade Desk in a report on Friday, February 16th. Finally, Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and upped their target price for the stock from $95.00 to $105.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.38.

Trade Desk Stock Up 0.5 %

Shares of Trade Desk stock traded up $0.47 during trading on Friday, reaching $88.59. The company’s stock had a trading volume of 3,778,002 shares, compared to its average volume of 2,871,066. The company has a market cap of $43.32 billion, a price-to-earnings ratio of 246.09, a PEG ratio of 4.88 and a beta of 1.50. The firm’s 50-day moving average is $83.69 and its two-hundred day moving average is $75.80. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $94.00.

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

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.