Teamwork Financial Advisors LLC Sells 685 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Teamwork Financial Advisors LLC trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,231 shares of the technology company’s stock after selling 685 shares during the period. Teamwork Financial Advisors LLC’s holdings in Trade Desk were worth $1,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Investment Advisory LLC grew its holdings in Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after purchasing an additional 117 shares during the period. Avior Wealth Management LLC increased its stake in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares during the period. Brown Lisle Cummings Inc. lifted its stake in Trade Desk by 66.7% in the third 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 in the last quarter. Finally, Quarry LP bought a new stake in shares of Trade Desk during the second quarter worth $41,000. 67.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on TTD. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and lifted their price target for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Piper Sandler restated an “overweight” rating and issued a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Citizens Jmp raised Trade Desk to a “strong-buy” rating in a research report on Tuesday. Benchmark reissued a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. Finally, UBS Group raised their target price on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $133.13.

Trade Desk Stock Down 3.1 %

NASDAQ TTD opened at $120.69 on Thursday. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53. The firm has a 50-day moving average price of $125.93 and a two-hundred day moving average price of $113.29. The company has a market capitalization of $59.57 billion, a P/E ratio of 197.85, a P/E/G ratio of 3.94 and a beta of 1.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the prior year, the company earned $0.08 EPS. Equities analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Insider Buying and Selling

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

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.