EMC Capital Management Sells 3,854 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

EMC Capital Management decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 51.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,651 shares of the technology company's stock after selling 3,854 shares during the period. EMC Capital Management's holdings in Trade Desk were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TTD. The Manufacturers Life Insurance Company lifted its stake in shares of Trade Desk by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,440 shares of the technology company's stock worth $2,387,000 after acquiring an additional 2,593 shares during the last quarter. Algert Global LLC lifted its position in shares of Trade Desk by 22.5% during the second quarter. Algert Global LLC now owns 4,893 shares of the technology company's stock worth $478,000 after purchasing an additional 900 shares during the last quarter. Creative Planning lifted its position in shares of Trade Desk by 1.5% during the second quarter. Creative Planning now owns 117,215 shares of the technology company's stock worth $11,448,000 after purchasing an additional 1,781 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Trade Desk by 52.7% during the second quarter. NewEdge Advisors LLC now owns 25,166 shares of the technology company's stock valued at $2,458,000 after purchasing an additional 8,681 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Trade Desk by 19.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,481 shares of the technology company's stock worth $2,293,000 after purchasing an additional 3,791 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 512,953 shares of the business'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 of the company's stock, valued at approximately $30,354,152.92. This trade represents a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 549,684 shares of company stock worth $68,444,576. 9.72% of the stock is owned by corporate insiders.

Trade Desk Price Performance

NASDAQ TTD opened at $123.56 on Thursday. The stock's fifty day moving average price is $125.87 and its 200 day moving average price is $114.01. The company has a market cap of $60.98 billion, a price-to-earnings ratio of 202.18, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 1 year low of $66.56 and a 1 year high of $141.53.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Stifel Nicolaus boosted their price target on Trade Desk from $111.00 to $136.00 and gave the company a "buy" rating in a report on Monday, October 14th. New Street Research raised Trade Desk from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $85.00 to $115.00 in a research note on Monday, November 25th. StockNews.com cut Trade Desk from a "buy" rating to a "hold" rating in a report on Saturday, November 30th. Finally, Piper Sandler reissued an "overweight" rating and set a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $133.13.

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.

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