USA Financial Formulas Sells 3,626 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

USA Financial Formulas trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,983 shares of the technology company's stock after selling 3,626 shares during the period. USA Financial Formulas' holdings in Trade Desk were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. 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. Quarry LP acquired a new position in shares of Trade Desk during the second quarter worth approximately $41,000. Brown Lisle Cummings Inc. boosted its position in shares of Trade Desk by 66.7% in the third 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 period. JFS Wealth Advisors LLC grew its stake in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock worth $41,000 after acquiring an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in Trade Desk during the third quarter worth $51,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of NASDAQ TTD traded up $2.05 during midday trading on Thursday, hitting $121.73. The stock had a trading volume of 1,660,637 shares, compared to its average volume of 2,910,326. The company's 50-day simple moving average is $126.55 and its 200 day simple moving average is $112.46. The firm has a market cap of $60.08 billion, a P/E ratio of 199.56, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,086 shares of company stock worth $4,654,466. Company insiders own 9.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TTD. Oppenheimer raised their price target on shares of Trade Desk from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Susquehanna restated a "positive" rating and set a $150.00 price target on shares of Trade Desk in a research note on Thursday, November 21st. Citigroup upped their price target on Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Truist Financial lifted their price objective on Trade Desk from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Finally, KeyCorp upped their target price on Trade Desk from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, Trade Desk presently has a consensus rating of "Moderate Buy" and an average price target of $132.55.

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.