ASB Consultores LLC Sells 329 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

ASB Consultores LLC cut its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,953 shares of the technology company’s stock after selling 329 shares during the quarter. ASB Consultores LLC’s holdings in Trade Desk were worth $324,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP grew its stake in Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after acquiring an additional 97 shares during the period. Apella Capital LLC grew its position in shares of Trade Desk by 1.9% in the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after purchasing an additional 100 shares during the period. HM Payson & Co. increased its stake in Trade Desk by 1.0% during the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after purchasing an additional 102 shares in the last quarter. Wealth Alliance raised its holdings in Trade Desk by 0.6% during the 2nd quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after buying an additional 106 shares during the period. Finally, Parisi Gray Wealth Management lifted its stake in Trade Desk by 2.6% in the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock valued at $486,000 after buying an additional 111 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Wells Fargo & Company began coverage on Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target on the stock. Needham & Company LLC increased their price objective on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price on the stock. in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $115.60.

Trade Desk Stock Down 0.8 %

Shares of NASDAQ:TTD opened at $118.27 on Tuesday. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $123.85. The company’s 50 day moving average price is $111.06 and its two-hundred day moving average price is $99.98. The firm has a market cap of $58.14 billion, a PE ratio of 236.54, a PEG ratio of 5.73 and a beta of 1.47.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. During the same quarter last year, the business earned $0.07 earnings per share. Trade Desk’s revenue was up 25.9% on a year-over-year basis. On average, research analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Insider Activity

In related news, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $99.33, for a total transaction of $310,902.90. Following the sale, the chief financial officer now owns 693,953 shares in the company, valued at approximately $68,930,351.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.33, for a total transaction of $310,902.90. Following the transaction, the chief financial officer now owns 693,953 shares of the company’s stock, valued at approximately $68,930,351.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,557,897 shares of company stock worth $170,121,565. 9.72% of the stock is currently owned by corporate 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.