Tidal Investments LLC Sells 27,465 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Tidal Investments LLC reduced its position in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 69.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,012 shares of the technology company's stock after selling 27,465 shares during the period. Tidal Investments LLC's holdings in Trade Desk were worth $1,317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. CAP Partners LLC lifted its stake in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company's stock valued at $702,000 after purchasing an additional 86 shares during the last quarter. Allworth Financial LP raised its holdings in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company's stock valued at $410,000 after buying an additional 97 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after buying an additional 100 shares during the last quarter. Advisory Resource Group boosted its stake in shares of Trade Desk by 1.0% during the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company's stock worth $1,152,000 after acquiring an additional 101 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in shares of Trade Desk by 1.0% during 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. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Trade Desk stock traded down $1.70 on Thursday, reaching $126.23. The company's stock had a trading volume of 4,167,342 shares, compared to its average volume of 3,843,728. The business's fifty day moving average price is $125.66 and its 200 day moving average price is $108.98. The company has a market cap of $62.30 billion, a price-to-earnings ratio of 206.93, a PEG ratio of 6.00 and a beta of 1.43. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the business's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the completion of the sale, the chief executive officer now owns 565,180 shares in the company, valued at $61,423,762.40. The trade was a 26.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated 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 sale, the chief financial officer now owns 693,953 shares of the company's stock, valued at approximately $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial boosted their target price on Trade Desk from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday. UBS Group lifted their price target on shares of Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. DA Davidson upped their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Piper Sandler reiterated 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. Finally, Evercore ISI boosted their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $127.07.

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.