The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by CNB Bank

CNB Bank lessened its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,217 shares of the technology company’s stock after selling 270 shares during the quarter. CNB Bank’s holdings in Trade Desk were worth $613,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CAP Partners LLC lifted its stake in Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares in the last quarter. RMR Wealth Builders lifted its position in shares of Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after acquiring an additional 89 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after acquiring an additional 97 shares during the last quarter. Parisi Gray Wealth Management boosted its stake in shares of Trade Desk by 2.2% in the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after acquiring an additional 99 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in 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 purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on TTD shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. Truist Financial boosted their target price on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Macquarie increased their price target on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Benchmark reissued a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. Finally, UBS Group raised their target price on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $132.55.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $124.25 on Friday. The Trade Desk, Inc. has a 1-year low of $63.63 and a 1-year high of $141.53. The business has a 50-day moving average of $126.31 and a 200-day moving average of $112.51. The company has a market capitalization of $61.32 billion, a PE ratio of 203.40, a P/E/G ratio of 3.76 and a beta of 1.45.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction 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 transaction, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock worth $4,654,466 in the last 90 days. 9.72% of the stock is 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.