Atria Investments Inc Sells 2,163 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Atria Investments Inc cut its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,766 shares of the technology company’s stock after selling 2,163 shares during the period. Atria Investments Inc’s holdings in Trade Desk were worth $2,777,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of Trade Desk by 91.7% in the 4th quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after buying an additional 6,978,352 shares in the last quarter. Norges Bank bought a new stake in Trade Desk during the 4th quarter valued at about $255,316,000. 1832 Asset Management L.P. purchased a new position in Trade Desk during the 1st quarter valued at about $225,710,000. International Assets Investment Management LLC increased its position in Trade Desk by 6,600.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock valued at $78,549,000 after purchasing an additional 1,075,269 shares during the period. Finally, Vanguard Group Inc. increased its position in Trade Desk by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after purchasing an additional 818,568 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Performance

Shares of TTD traded down $4.67 during trading hours on Friday, hitting $83.08. The stock had a trading volume of 4,948,864 shares, compared to its average volume of 3,636,474. The firm has a 50-day moving average price of $96.20 and a 200 day moving average price of $86.40. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $102.67. The firm has a market capitalization of $40.64 billion, a price-to-earnings ratio of 207.71, a PEG ratio of 4.49 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. As a group, analysts predict that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the sale, the director now owns 32,701 shares of the company’s stock, valued at $3,216,797.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Laura Schenkein sold 43,705 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the sale, the chief financial officer now owns 703,038 shares of the company’s stock, valued at $67,055,764.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $98.37, for a total transaction of $133,291.35. Following the completion of the sale, the director now directly owns 32,701 shares of the company’s stock, valued at approximately $3,216,797.37. The disclosure for this sale can be found here. Insiders sold 213,909 shares of company stock valued at $20,827,601 over the last 90 days. 10.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on TTD shares. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Trade Desk in a research report on Monday, July 22nd. Macquarie lifted their price objective on shares of Trade Desk from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday. DA Davidson lifted their price objective on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $108.00 price objective (up previously from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.17.

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.