Braun Stacey Associates Inc. Sells 8,963 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Braun Stacey Associates Inc. trimmed its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,726 shares of the technology company's stock after selling 8,963 shares during the quarter. Trade Desk accounts for 1.1% of Braun Stacey Associates Inc.'s portfolio, making the stock its 26th largest position. Braun Stacey Associates Inc. owned about 0.05% of Trade Desk worth $29,820,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Focus Financial Network Inc. raised its stake in shares of Trade Desk by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock valued at $456,000 after purchasing an additional 84 shares in the last quarter. CAP Partners LLC grew its position in Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company's stock valued at $702,000 after acquiring an additional 86 shares during the period. RMR Wealth Builders grew its position in Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock valued at $1,247,000 after acquiring an additional 89 shares during the period. Quotient Wealth Partners LLC grew its position in Trade Desk by 4.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock valued at $276,000 after acquiring an additional 94 shares during the period. Finally, TFB Advisors LLC grew its position in Trade Desk by 2.6% in the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock valued at $442,000 after acquiring an additional 94 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Cantor Fitzgerald lowered their price target on Trade Desk from $115.00 to $100.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Truist Financial lowered their price target on Trade Desk from $155.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Citigroup lowered their price target on Trade Desk from $140.00 to $108.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Piper Sandler reiterated an "overweight" rating and issued a $110.00 price target (down from $140.00) on shares of Trade Desk in a research report on Thursday, February 13th. Finally, BTIG Research upped their price target on Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.45.

Trade Desk Stock Performance

NASDAQ:TTD traded down $3.67 during mid-day trading on Friday, hitting $72.06. The company had a trading volume of 12,810,867 shares, compared to its average volume of 7,245,894. The Trade Desk, Inc. has a fifty-two week low of $71.61 and a fifty-two week high of $141.53. The business's fifty day moving average is $115.27 and its two-hundred day moving average is $114.88. The firm has a market cap of $35.57 billion, a P/E ratio of 92.38, a P/E/G ratio of 3.15 and a beta of 1.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. Equities analysts forecast that The Trade Desk, Inc. will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has approved a share buyback program on Wednesday, February 12th that allows the company to buyback $564.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company's stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Samantha Jacobson sold 4,298 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,029 shares of company stock valued at $5,004,296. 9.72% of the stock is currently owned by company insiders.

About Trade Desk

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.