The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lowered its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 29.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,039 shares of the technology company’s stock after selling 852 shares during the period. Lake Street Advisors Group LLC’s holdings in Trade Desk were worth $224,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Apella Capital LLC lifted its position in shares of Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after purchasing an additional 100 shares during the last quarter. Wealth Alliance lifted its stake in Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after purchasing an additional 106 shares during the last quarter. Parisi Gray Wealth Management boosted its holdings in Trade Desk by 2.6% in the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock worth $486,000 after purchasing an additional 111 shares during the period. RFP Financial Group LLC boosted its stake in Trade Desk by 26.4% in the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock valued at $54,000 after acquiring an additional 116 shares during the period. Finally, Compagnie Lombard Odier SCmA grew its holdings in shares of Trade Desk by 6.2% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,123 shares of the technology company’s stock valued at $233,000 after purchasing an additional 123 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

TTD stock opened at $119.47 on Monday. The stock has a market capitalization of $58.44 billion, a price-to-earnings ratio of 298.68, a price-to-earnings-growth ratio of 5.73 and a beta of 1.48. The company has a 50-day moving average of $109.08 and a two-hundred day moving average of $98.42. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $121.44.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 EPS. Equities analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Loop Capital boosted their price objective on Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Morgan Stanley upped their price target on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Robert W. Baird lifted their price objective on shares of Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. KeyCorp boosted their price objective on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Wolfe Research assumed coverage on Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $112.97.

Insider Buying and Selling

In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $68,930,351.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the transaction, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $68,930,351.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,557,897 shares of company stock valued at $170,121,565. 10.18% of the stock is owned by company 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.