The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Ashford Capital Management Inc.

Ashford Capital Management Inc. lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 7.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,811 shares of the technology company's stock after selling 14,490 shares during the quarter. Trade Desk makes up approximately 2.6% of Ashford Capital Management Inc.'s holdings, making the stock its 17th largest position. Ashford Capital Management Inc.'s holdings in Trade Desk were worth $21,838,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Trade Desk by 4.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,198,972 shares of the technology company's stock worth $258,445,000 after acquiring an additional 89,592 shares during the period. Voloridge Investment Management LLC boosted its position in shares of Trade Desk by 43.5% during the 4th quarter. Voloridge Investment Management LLC now owns 898,250 shares of the technology company's stock valued at $105,571,000 after purchasing an additional 272,416 shares in the last quarter. Waverly Advisors LLC grew its stake in shares of Trade Desk by 167.1% in the 4th quarter. Waverly Advisors LLC now owns 12,156 shares of the technology company's stock worth $1,429,000 after purchasing an additional 7,605 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Trade Desk in the 4th quarter worth approximately $353,000. Finally, Visionary Wealth Advisors lifted its stake in Trade Desk by 2.7% during the fourth quarter. Visionary Wealth Advisors now owns 11,256 shares of the technology company's stock valued at $1,323,000 after purchasing an additional 294 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TTD has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Robert W. Baird cut their target price on shares of Trade Desk from $160.00 to $145.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Wedbush reaffirmed an "outperform" rating and issued a $86.00 target price (up previously from $80.00) on shares of Trade Desk in a research report on Friday, May 9th. Cfra Research upgraded Trade Desk to a "moderate buy" rating in a report on Tuesday, March 25th. Finally, Stifel Nicolaus reduced their price objective on Trade Desk from $122.00 to $87.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.12.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $76.32 on Tuesday. The company has a market capitalization of $37.86 billion, a P/E ratio of 97.85, a P/E/G ratio of 3.11 and a beta of 1.29. The business's 50 day simple moving average is $56.44 and its 200 day simple moving average is $93.21. The Trade Desk, Inc. has a 1 year low of $42.96 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 EPS. On average, sell-side analysts anticipate that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer now directly owns 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David B. Wells sold 28,638 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the transaction, the director now directly owns 66,985 shares of the company's stock, valued at $5,350,761.80. This represents a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by 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.

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