Teachers Retirement System of The State of Kentucky Trims Position in The Trade Desk, Inc. (NASDAQ:TTD)

Teachers Retirement System of The State of Kentucky trimmed its stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 362,712 shares of the technology company's stock after selling 5,000 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.07% of Trade Desk worth $39,771,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Dynamic Advisor Solutions LLC raised its stake in Trade Desk by 8.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 13,204 shares of the technology company's stock valued at $1,290,000 after buying an additional 993 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Trade Desk by 14.0% during the second quarter. Sequoia Financial Advisors LLC now owns 11,698 shares of the technology company's stock valued at $1,143,000 after acquiring an additional 1,438 shares in the last quarter. Wedmont Private Capital raised its holdings in Trade Desk by 14.3% in the 2nd quarter. Wedmont Private Capital now owns 3,100 shares of the technology company's stock worth $308,000 after acquiring an additional 389 shares during the last quarter. ORG Partners LLC lifted its position in Trade Desk by 6,661.5% in the 2nd quarter. ORG Partners LLC now owns 879 shares of the technology company's stock valued at $86,000 after acquiring an additional 866 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Trade Desk by 5.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company's stock valued at $9,179,000 after purchasing an additional 5,148 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on TTD shares. Citigroup upped their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Piper Sandler restated an "overweight" rating and issued a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Needham & Company LLC boosted their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Wells Fargo & Company assumed coverage on Trade Desk in a report on Monday, October 28th. They issued an "overweight" rating and a $150.00 price objective for the company. Finally, Macquarie raised their target price on Trade Desk from $133.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of "Moderate Buy" and an average price target of $124.94.

Trade Desk Trading Up 1.1 %

Shares of TTD stock traded up $1.44 on Wednesday, reaching $134.10. The company's stock had a trading volume of 2,661,537 shares, compared to its average volume of 3,837,288. The stock's fifty day simple moving average is $123.25 and its 200-day simple moving average is $107.47. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The company has a market capitalization of $66.19 billion, a price-to-earnings ratio of 219.85, a price-to-earnings-growth ratio of 6.30 and a beta of 1.43.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now owns 565,180 shares in the company, valued at approximately $61,423,762.40. The trade was a 26.14 % 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 Trade Desk stock in a transaction 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 directly owns 28,636 shares of the company's stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 in the last three months. Corporate insiders own 9.72% of the company's stock.

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.