Entropy Technologies LP Has $1.32 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Entropy Technologies LP cut its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 60.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,044 shares of the technology company's stock after selling 18,456 shares during the quarter. Entropy Technologies LP's holdings in Trade Desk were worth $1,321,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP increased its stake in Trade Desk by 2.7% in the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company's stock worth $410,000 after buying an additional 97 shares in the last quarter. Apella Capital LLC grew its position in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company's stock worth $547,000 after buying an additional 100 shares in the last quarter. HM Payson & Co. raised its position in shares of Trade Desk by 1.0% in the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company's stock worth $1,083,000 after acquiring an additional 102 shares in the last quarter. Wealth Alliance raised its stake in Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company's stock valued at $1,810,000 after buying an additional 106 shares during the last quarter. Finally, Parisi Gray Wealth Management lifted its holdings in shares of Trade Desk by 2.6% during 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. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TTD shares. Loop Capital lifted their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Monday. Citigroup upped their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. New Street Research downgraded Trade Desk from a "neutral" rating to a "sell" rating and set a $86.00 price target for the company. in a report on Tuesday, October 29th. KeyCorp raised their price target 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, DA Davidson increased their target price on shares of Trade Desk from $108.00 to $134.00 and gave the stock a "buy" rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.65.

Trade Desk Stock Down 1.1 %

Trade Desk stock traded down $1.37 during mid-day trading on Thursday, hitting $125.88. The company's stock had a trading volume of 2,679,282 shares, compared to its average volume of 3,826,051. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The stock has a market capitalization of $61.88 billion, a P/E ratio of 206.36, a P/E/G ratio of 6.25 and a beta of 1.47. The stock's fifty day moving average price is $114.89 and its two-hundred day moving average price is $102.26.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 283,429 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. This trade represents a 42.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Samantha Jacobson sold 4,872 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now owns 99,374 shares of the company's stock, valued at approximately $9,887,713. This represents a 4.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,556,291 shares of company stock worth $169,960,852. Company insiders own 9.72% of the company's stock.

Trade Desk Company 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.