The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 786,685 shares of the technology company's stock after selling 21,824 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Trade Desk worth $56,610,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TTD. Baron Wealth Management LLC purchased a new position in Trade Desk in the third quarter worth $270,000. DAVENPORT & Co LLC grew its position in Trade Desk by 28.4% in the third quarter. DAVENPORT & Co LLC now owns 4,005 shares of the technology company's stock worth $313,000 after acquiring an additional 886 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Trade Desk by 27.7% in the third quarter. Asset Management One Co. Ltd. now owns 219,832 shares of the technology company's stock worth $17,180,000 after acquiring an additional 47,641 shares in the last quarter. Cannon Global Investment Management LLC purchased a new position in Trade Desk in the third quarter worth $234,000. Finally, Linden Thomas Advisory Services LLC grew its position in Trade Desk by 40.1% in the third quarter. Linden Thomas Advisory Services LLC now owns 19,128 shares of the technology company's stock worth $1,495,000 after acquiring an additional 5,479 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of the firm'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 transaction of $191,236.08. Following the completion of the sale, the insider now owns 139,794 shares of the company's stock, valued at $12,515,756.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jeffrey Terry Green sold 2,600 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $86.41, for a total transaction of $224,666.00. Following the completion of the sale, the chief executive officer now owns 974,022 shares of the company's stock, valued at $84,165,241.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jay R. Grant sold 2,136 shares of the firm's 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 owns 139,794 shares in the company, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Insiders sold 492,170 shares of company stock valued at $41,250,398 over the last 90 days. Corporate insiders own 10.18% of the company's stock.

Trade Desk Stock Up 1.7 %

Shares of NASDAQ TTD traded up $1.39 on Friday, reaching $84.73. 2,943,651 shares of the company's stock traded hands, compared to its average volume of 4,514,867. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $94.00. The business's 50 day simple moving average is $83.55 and its two-hundred day simple moving average is $75.73. The company has a market cap of $41.43 billion, a price-to-earnings ratio of 236.01, a price-to-earnings-growth ratio of 4.62 and a beta of 1.50.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Trade Desk from $88.00 to $107.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Oppenheimer upped 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. Royal Bank of Canada upped their price target on shares of Trade Desk from $90.00 to $105.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Trade Desk in a research report on Thursday, March 21st. Finally, Piper Sandler increased their target price on shares of Trade Desk from $80.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $89.75.

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.