Quadrature Capital Ltd Has $1.58 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Quadrature Capital Ltd trimmed its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 92.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,393 shares of the technology company's stock after selling 171,777 shares during the quarter. Quadrature Capital Ltd's holdings in Trade Desk were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its holdings in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock valued at $4,245,218,000 after buying an additional 1,720,650 shares during the period. Jennison Associates LLC raised its position in Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock worth $2,228,172,000 after acquiring an additional 2,013,047 shares in the last quarter. Edgewood Management LLC lifted its holdings in Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company's stock worth $278,623,000 after purchasing an additional 270,800 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Trade Desk by 1.3% in the 3rd quarter. FMR LLC now owns 2,616,203 shares of the technology company's stock worth $286,867,000 after purchasing an additional 32,999 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTD has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their target price on Trade Desk from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Scotiabank assumed coverage on Trade Desk in a report on Thursday. They set a "sector perform" rating and a $133.00 price objective on the stock. Piper Sandler reiterated an "overweight" rating and issued a $140.00 target price (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Wedbush boosted their price target on shares of Trade Desk from $115.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Bank of America initiated coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They issued a "buy" rating and a $135.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $124.94.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of the firm's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares of the company's stock, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the sale, the chief executive officer now owns 565,180 shares in the company, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,128,938 shares of company stock valued at $125,534,054. Insiders own 9.72% of the company's stock.

Trade Desk Stock Up 2.0 %

NASDAQ TTD traded up $2.75 during trading on Friday, hitting $139.11. The company's stock had a trading volume of 3,233,628 shares, compared to its average volume of 4,661,907. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The firm has a market cap of $68.66 billion, a P/E ratio of 228.05, a price-to-earnings-growth ratio of 6.32 and a beta of 1.43. The firm has a 50 day moving average price of $122.27 and a 200 day moving average price of $106.75.

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.