Braun Stacey Associates Inc. Trims Position in The Trade Desk, Inc. (NASDAQ:TTD)

Braun Stacey Associates Inc. decreased its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,689 shares of the technology company's stock after selling 13,765 shares during the quarter. Trade Desk accounts for approximately 1.1% of Braun Stacey Associates Inc.'s portfolio, making the stock its 25th largest position. Braun Stacey Associates Inc. owned about 0.05% of Trade Desk worth $28,804,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Trade Desk in the second quarter valued at $30,000. JFS Wealth Advisors LLC boosted its stake in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock worth $41,000 after purchasing an additional 247 shares during the period. Brown Lisle Cummings Inc. raised its stake in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after acquiring an additional 150 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the second quarter worth $37,000. Finally, Quarry LP purchased a new stake in shares of Trade Desk in the second quarter valued at about $41,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Down 1.1 %

Shares of NASDAQ TTD traded down $1.30 during midday trading on Monday, hitting $116.85. The stock had a trading volume of 2,896,316 shares, compared to its average volume of 3,827,721. The company has a market cap of $57.44 billion, a P/E ratio of 193.69, a PEG ratio of 5.35 and a beta of 1.47. The business's 50 day moving average is $115.25 and its 200-day moving average is $102.75. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTD. Loop Capital boosted their target price on Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Morgan Stanley upped their price objective on Trade Desk from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, July 23rd. New Street Research cut Trade Desk from a "neutral" rating to a "sell" rating and set a $86.00 price objective on the stock. in a research note on Tuesday, October 29th. KeyCorp raised their price objective on Trade Desk from $115.00 to $130.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.65.

Insider Activity

In other news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the sale, the director now owns 29,991 shares in the company, valued at $3,269,019. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,548,289 shares of company stock valued at $169,165,185 in the last 90 days. 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.