CMH Wealth Management LLC Sells 13,860 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

CMH Wealth Management LLC trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,401 shares of the technology company’s stock after selling 13,860 shares during the period. CMH Wealth Management LLC’s holdings in Trade Desk were worth $6,629,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank lifted its stake in Trade Desk by 1.2% in the second quarter. Amalgamated Bank now owns 29,871 shares of the technology company’s stock worth $2,918,000 after acquiring an additional 349 shares during the period. AE Wealth Management LLC raised its holdings in Trade Desk by 3.9% in the 2nd quarter. AE Wealth Management LLC now owns 4,176 shares of the technology company’s stock worth $408,000 after purchasing an additional 155 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Trade Desk by 58.7% in the 2nd quarter. Pacer Advisors Inc. now owns 48,876 shares of the technology company’s stock worth $4,774,000 after purchasing an additional 18,087 shares during the period. Sei Investments Co. boosted its stake in shares of Trade Desk by 19.9% during the 2nd quarter. Sei Investments Co. now owns 295,240 shares of the technology company’s stock valued at $28,836,000 after purchasing an additional 49,052 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Trade Desk by 19.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the technology company’s stock valued at $98,000 after buying an additional 176 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial raised their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Benchmark restated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Citigroup upped their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Susquehanna reissued a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research report on Thursday, November 21st. Finally, Needham & Company LLC boosted their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average price target of $132.55.

Trade Desk Stock Up 3.0 %

Shares of TTD stock opened at $124.42 on Tuesday. The company has a 50 day moving average price of $126.20 and a 200-day moving average price of $113.07. The Trade Desk, Inc. has a 52 week low of $63.63 and a 52 week high of $141.53. The firm has a market capitalization of $61.41 billion, a PE ratio of 203.97, a P/E/G ratio of 3.94 and a beta of 1.45.

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.