Logan Capital Management Inc. Sells 3,852 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Logan Capital Management Inc. decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 271,274 shares of the technology company's stock after selling 3,852 shares during the period. Trade Desk comprises 1.2% of Logan Capital Management Inc.'s portfolio, making the stock its 14th biggest position. Logan Capital Management Inc. owned about 0.05% of Trade Desk worth $29,745,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Oddo BHF Asset Management Sas bought a new position in shares of Trade Desk in the third quarter valued at about $11,296,000. Franklin Resources Inc. raised its stake in shares of Trade Desk by 326.1% in the third quarter. Franklin Resources Inc. now owns 509,495 shares of the technology company's stock worth $60,105,000 after acquiring an additional 389,917 shares during the last quarter. Synovus Financial Corp acquired a new position in shares of Trade Desk during the third quarter worth approximately $245,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Trade Desk during the third quarter valued at approximately $1,194,000. Finally, World Investment Advisors LLC grew its stake in shares of Trade Desk by 10.0% during the third quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company's stock valued at $970,000 after purchasing an additional 803 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Performance

NASDAQ:TTD traded down $1.15 during mid-day trading on Friday, hitting $132.42. The stock had a trading volume of 3,166,496 shares, compared to its average volume of 3,832,597. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53. The stock has a market cap of $65.36 billion, a price-to-earnings ratio of 217.08, a PEG ratio of 6.08 and a beta of 1.43. The company's 50 day simple moving average is $124.59 and its 200 day simple moving average is $108.10.

Insider Transactions at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the sale, the chief financial officer now owns 693,953 shares in the company, valued at $80,102,994.79. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is owned by insiders.

Analysts Set New Price Targets

TTD has been the subject of a number of research reports. StockNews.com lowered Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Benchmark reiterated a "sell" rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Moffett Nathanson assumed coverage on shares of Trade Desk in a report on Monday, September 23rd. They issued a "neutral" rating and a $100.00 price objective on the stock. Loop Capital raised their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Wells Fargo & Company began coverage on shares of Trade Desk in a research report on Monday, October 28th. They set an "overweight" rating and a $150.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.94.

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.