The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 30.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,560 shares of the technology company’s stock after selling 1,574 shares during the period. Axxcess Wealth Management LLC’s holdings in Trade Desk were worth $418,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new stake in Trade Desk in the fourth quarter valued at about $26,000. Harbor Investment Advisory LLC lifted its holdings in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after buying an additional 117 shares during the period. Synergy Asset Management LLC purchased a new stake in shares of Trade Desk in the fourth quarter valued at approximately $34,000. Midwest Capital Advisors LLC purchased a new stake in shares of Trade Desk in the fourth quarter valued at approximately $34,000. Finally, Exchange Traded Concepts LLC acquired a new position in Trade Desk during the fourth quarter worth $35,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,029 shares of company stock worth $5,004,296 over the last ninety days. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Up 0.8 %

TTD stock opened at $56.31 on Friday. The Trade Desk, Inc. has a 52 week low of $53.39 and a 52 week high of $141.53. The company has a market cap of $27.93 billion, a price-to-earnings ratio of 72.19, a PEG ratio of 3.11 and a beta of 1.63. The business has a fifty day simple moving average of $91.14 and a 200-day simple moving average of $109.79.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. As a group, analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback plan on Wednesday, February 12th that permits the company to buyback $564.00 million in shares. This buyback authorization permits the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have commented on TTD. Stifel Nicolaus reduced their target price on Trade Desk from $144.00 to $122.00 and set a “buy” rating for the company in a report on Thursday, February 13th. DA Davidson reduced their price objective on shares of Trade Desk from $134.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Robert W. Baird reduced their price target on shares of Trade Desk from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, BMO Capital Markets lowered their price target on Trade Desk from $160.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.41.

Trade Desk 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.