Pier Capital LLC Sells 1,497 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Pier Capital LLC reduced its position in The Trade Desk, Inc. (NASDAQ:TTD) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,063 shares of the technology company’s stock after selling 1,497 shares during the period. Pier Capital LLC’s holdings in Trade Desk were worth $884,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in Trade Desk during the second quarter valued at $30,000. Avior Wealth Management LLC lifted its holdings in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in Trade Desk during the second quarter valued at approximately $37,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on TTD. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Robert W. Baird raised their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Truist Financial upped their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a report on Friday, November 8th. Macquarie increased their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Needham & Company LLC boosted their target price on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.94.

Insider Transactions at Trade Desk

In other news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the sale, the chief financial officer now owns 693,953 shares in the company, valued at approximately $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the transaction, the chief executive officer now owns 765,180 shares in the company, valued at approximately $83,764,254.60. This trade represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Up 2.0 %

NASDAQ:TTD opened at $139.11 on Monday. The stock has a market capitalization of $68.66 billion, a price-to-earnings ratio of 228.05, a PEG ratio of 6.30 and a beta of 1.43. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The firm has a 50 day moving average of $122.27 and a 200 day moving average of $106.91.

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.