Victory Capital Management Inc. Sells 345,412 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Victory Capital Management Inc. trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,284,066 shares of the technology company's stock after selling 345,412 shares during the period. Victory Capital Management Inc. owned 0.26% of Trade Desk worth $140,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TTD. Transcendent Capital Group LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at approximately $30,000. JFS Wealth Advisors LLC increased its holdings in Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock valued at $41,000 after buying an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. raised its stake in Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after buying an additional 150 shares in the last quarter. EdgeRock Capital LLC bought a new position in Trade Desk during the 2nd quarter worth approximately $37,000. Finally, Quarry LP acquired a new position in shares of Trade Desk in the 2nd quarter worth approximately $41,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of NASDAQ:TTD traded down $3.95 during mid-day trading on Wednesday, hitting $127.25. The stock had a trading volume of 4,261,944 shares, compared to its average volume of 3,831,260. The company's 50 day moving average is $114.45 and its 200-day moving average is $102.09. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $132.65. The company has a market cap of $62.55 billion, a PE ratio of 208.61, a P/E/G ratio of 6.25 and a beta of 1.47.

Wall Street Analyst Weigh In

TTD has been the topic of several research analyst reports. Bank of America began coverage on Trade Desk in a research note on Wednesday, September 4th. They set a "buy" rating and a $135.00 price objective on the stock. BTIG Research boosted their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Loop Capital raised their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a report on Monday. Oppenheimer upped their target price on Trade Desk from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Benchmark restated a "sell" rating and set a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $122.65.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the transaction, the director now owns 3,516 shares in the company, valued at $351,846.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Trade Desk news, insider Samantha Jacobson sold 4,872 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the completion of the sale, the insider now owns 99,374 shares of the company's stock, valued at $9,887,713. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the transaction, the director now directly owns 3,516 shares in the company, valued at $351,846.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock valued at $170,121,565 in the last three months. 9.72% of the stock is currently owned by company insiders.

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.