The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 195,417 shares of the technology company’s stock after selling 20,171 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Trade Desk were worth $21,427,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk in the second quarter valued at about $30,000. EdgeRock Capital LLC purchased a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $37,000. Quarry LP acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $41,000. Brown Lisle Cummings Inc. raised its position in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the period. Finally, JFS Wealth Advisors LLC lifted its holdings in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after acquiring an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. DA Davidson lifted their target price on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Needham & Company LLC lifted their price target on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Truist Financial upped their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Macquarie lifted their target price on shares of Trade Desk from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $122.65.

Insider Activity at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,548,289 shares of company stock valued at $169,165,185 in the last ninety days. Insiders own 9.72% of the company’s stock.

Trade Desk Stock Up 1.8 %

TTD stock opened at $119.42 on Wednesday. The business has a 50 day moving average price of $116.00 and a 200 day moving average price of $103.17. The stock has a market cap of $58.94 billion, a price-to-earnings ratio of 195.77, a PEG ratio of 5.35 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

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.