Prospera Financial Services Inc Sells 3,358 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Prospera Financial Services Inc trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD) by 26.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,533 shares of the technology company’s stock after selling 3,358 shares during the quarter. Prospera Financial Services Inc’s holdings in Trade Desk were worth $1,045,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk in the second quarter worth about $30,000. JFS Wealth Advisors LLC increased its stake in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Trade Desk during the second quarter worth approximately $37,000. Finally, Quarry LP bought a new stake in Trade Desk during the second quarter worth approximately $41,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Up 1.8 %

Trade Desk stock opened at $129.70 on Friday. The business has a fifty day moving average of $116.90 and a two-hundred day moving average of $103.48. The firm has a market cap of $64.02 billion, a P/E ratio of 212.62, a P/E/G ratio of 5.41 and a beta of 1.47. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65.

Insider Transactions at Trade Desk

In other news, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. The trade was a 42.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,412,367 shares of company stock valued at $155,067,356. Corporate insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the topic of several analyst reports. Citigroup boosted their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Loop Capital boosted their price objective on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Friday. Oppenheimer upped their target price on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company initiated coverage on Trade Desk in a research note on Monday, October 28th. They set an “overweight” rating and a $150.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $123.66.

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.