Bensler LLC Trims Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Bensler LLC decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,434 shares of the technology company's stock after selling 2,666 shares during the quarter. Bensler LLC's holdings in Trade Desk were worth $7,103,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CAP Partners LLC raised its stake in Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company's stock worth $702,000 after acquiring an additional 86 shares in the last quarter. RMR Wealth Builders increased its position in Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock worth $1,247,000 after purchasing an additional 89 shares in the last quarter. Allworth Financial LP grew its stake in shares of Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company's stock worth $410,000 after buying an additional 97 shares during the last quarter. Parisi Gray Wealth Management increased its holdings in Trade Desk by 2.2% in the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company's stock worth $533,000 after purchasing an additional 99 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTD. Robert W. Baird raised their price objective on Trade Desk from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Benchmark reiterated a "sell" rating and set a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. Scotiabank initiated coverage on shares of Trade Desk in a report on Thursday, December 5th. They issued a "sector perform" rating and a $133.00 target price on the stock. Evercore ISI increased their price target on Trade Desk from $110.00 to $135.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, Wells Fargo & Company boosted their price objective on Trade Desk from $141.00 to $142.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Trade Desk currently has a consensus rating of "Moderate Buy" and an average price target of $133.13.

Trade Desk Trading Up 1.2 %

TTD stock traded up $1.46 during midday trading on Tuesday, hitting $120.56. The company had a trading volume of 4,595,535 shares, compared to its average volume of 3,485,043. The stock has a market cap of $59.50 billion, a price-to-earnings ratio of 197.64, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 52 week low of $66.56 and a 52 week high of $141.53. The stock's 50 day moving average price is $125.87 and its 200 day moving average price is $113.80.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The business had revenue of $628.02 million during the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the previous year, the business earned $0.08 earnings per share. Analysts predict that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Insider Activity at Trade Desk

In related news, CEO Jeffrey Terry Green sold 512,953 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total value of $63,949,850.51. Following the sale, the chief executive officer now owns 243,476 shares in the company, valued at $30,354,152.92. This represents a 67.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the business's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 549,684 shares of company stock worth $68,444,576 over the last 90 days. 9.72% 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.