Curbstone Financial Management Corp trimmed its position in shares of The Trade Desk (NASDAQ:TTD – Free Report) by 14.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,820 shares of the technology company’s stock after selling 2,100 shares during the period. Curbstone Financial Management Corp’s holdings in Trade Desk were worth $923,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of TTD. Sound Income Strategies LLC raised its position in shares of Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after acquiring an additional 270 shares during the last quarter. West Oak Capital LLC raised its holdings in Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after acquiring an additional 350 shares during the period. Banque Cantonale Vaudoise bought a new position in Trade Desk in the 1st quarter valued at about $26,000. HighMark Wealth Management LLC increased its holdings in shares of Trade Desk by 46.2% during the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares during the period. Finally, Vermillion Wealth Management Inc. boosted its position in Trade Desk by 400.0% in the second quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock valued at $36,000 after buying an additional 400 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.
Trade Desk Price Performance
Shares of NASDAQ:TTD opened at $49.98 on Friday. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company’s fifty day moving average price is $50.65 and its 200-day moving average price is $62.45. The firm has a market capitalization of $24.44 billion, a price-to-earnings ratio of 60.22, a PEG ratio of 2.67 and a beta of 1.38.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Hsbc Global Res lowered shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Morgan Stanley lowered shares of Trade Desk from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $80.00 to $50.00 in a report on Wednesday, September 10th. Wall Street Zen lowered shares of Trade Desk from a “hold” rating to a “sell” rating in a report on Monday, September 1st. BTIG Research lowered shares of Trade Desk from a “buy” rating to a “neutral” rating in a report on Friday, August 8th. Finally, Guggenheim set a $55.00 target price on shares of Trade Desk and gave the company a “buy” rating in a report on Monday, September 29th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $84.48.
Check Out Our Latest Stock Report on TTD
Insider Activity at Trade Desk
In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares in the company, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.
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.
Featured Articles
- Five stocks we like better than Trade Desk
- How to trade using analyst ratings
- This AI Chip Giant Could Be the Market’s Next Big Winner
- Best Energy Stocks – Energy Stocks to Buy Now
- Broadcom Inks OpenAI Deal: Why It’s A Huge Win for AVGO Stock
- Canada Bond Market Holiday: How to Invest and Trade
- Institutions Are Fueling CrowdStrike’s Next Leg Higher
Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD – Free Report).
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.