Sigma Planning Corp Reduces Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Sigma Planning Corp decreased its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,805 shares of the technology company's stock after selling 12,865 shares during the period. Sigma Planning Corp's holdings in Trade Desk were worth $634,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in TTD. Jennison Associates LLC increased its holdings in Trade Desk by 3.2% in the 3rd quarter. Jennison Associates LLC now owns 7,607,798 shares of the technology company's stock worth $594,549,000 after acquiring an additional 238,814 shares during the last quarter. Invesco Ltd. raised its position in shares of Trade Desk by 9.6% in the third quarter. Invesco Ltd. now owns 5,899,407 shares of the technology company's stock valued at $461,039,000 after purchasing an additional 517,842 shares during the period. Northern Trust Corp lifted its stake in shares of Trade Desk by 3.6% during the 3rd quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company's stock valued at $223,593,000 after buying an additional 98,286 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Trade Desk by 9.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,203,957 shares of the technology company's stock valued at $172,239,000 after buying an additional 182,918 shares in the last quarter. Finally, ARK Investment Management LLC boosted its holdings in Trade Desk by 1,162.0% in the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company's stock worth $154,689,000 after buying an additional 1,979,319 shares during the period. Institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

TTD has been the subject of a number of analyst reports. Susquehanna raised their price target on Trade Desk from $75.00 to $110.00 and gave the stock a "positive" rating in a report on Friday, February 16th. BMO Capital Markets increased their price target on shares of Trade Desk from $88.00 to $107.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. KeyCorp boosted their price objective on shares of Trade Desk from $84.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Wells Fargo & Company increased their target price on shares of Trade Desk from $73.00 to $80.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 17th. Finally, Oppenheimer boosted their price target on shares of Trade Desk from $85.00 to $105.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $89.75.

Trade Desk Stock Performance

Shares of TTD traded down $0.45 during mid-day trading on Thursday, reaching $83.34. The company had a trading volume of 4,072,576 shares, compared to its average volume of 4,534,446. The company has a market capitalization of $40.75 billion, a price-to-earnings ratio of 230.92, a price-to-earnings-growth ratio of 4.47 and a beta of 1.50. The firm has a 50-day moving average price of $83.40 and a 200 day moving average price of $75.68. The Trade Desk, Inc. has a 52 week low of $59.98 and a 52 week high of $94.00.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million during the quarter, compared to analysts' expectations of $582.61 million. As a group, research analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of the business's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares in the company, valued at approximately $12,515,756.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00. Following the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at $126,905,976.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of Trade Desk stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $89.53, for a total transaction of $191,236.08. Following the completion of the sale, the insider now directly owns 139,794 shares of the company's stock, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 492,170 shares of company stock valued at $41,250,398. 10.18% of the stock is owned by insiders.

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.