PSI Advisors LLC Sells 4,330 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

PSI Advisors LLC reduced its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 84.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 770 shares of the technology company’s stock after selling 4,330 shares during the quarter. PSI Advisors LLC’s holdings in Trade Desk were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in TTD. Global Assets Advisory LLC bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $2,626,000. Riverview Trust Co purchased a new position in Trade Desk in the 1st quarter worth approximately $27,000. Brookstone Capital Management raised its holdings in Trade Desk by 33.6% in the 1st quarter. Brookstone Capital Management now owns 4,477 shares of the technology company’s stock worth $391,000 after acquiring an additional 1,126 shares during the last quarter. Wealthcare Advisory Partners LLC raised its holdings in Trade Desk by 6.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 28,421 shares of the technology company’s stock worth $2,485,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Bouvel Investment Partners LLC raised its holdings in Trade Desk by 2.0% in the 1st quarter. Bouvel Investment Partners LLC now owns 32,526 shares of the technology company’s stock worth $2,843,000 after acquiring an additional 623 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $117.17 on Thursday. The company has a market capitalization of $57.60 billion, a P/E ratio of 234.34, a P/E/G ratio of 5.73 and a beta of 1.48. The company has a fifty day moving average of $108.37 and a 200 day moving average of $97.88. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $120.78.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 25.9% on a year-over-year basis. Analysts forecast that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on shares of Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Oppenheimer boosted their price objective on shares of Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. KeyCorp boosted their target price on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Moffett Nathanson assumed coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of Trade Desk from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.97.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the transaction, the insider now owns 99,374 shares of the company’s stock, valued at $9,887,713. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total transaction of $160,712.42. Following the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samantha Jacobson sold 4,872 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now owns 99,374 shares in the company, valued at $9,887,713. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,557,897 shares of company stock valued at $170,121,565 in the last 90 days. Insiders own 9.72% of the company’s stock.

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.