Values First Advisors Inc. Sells 1,968 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Values First Advisors Inc. trimmed its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,785 shares of the technology company’s stock after selling 1,968 shares during the period. Values First Advisors Inc.’s holdings in Trade Desk were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTD. Riverview Trust Co purchased a new position in shares of Trade Desk in the first quarter valued at $27,000. Brookstone Capital Management boosted its stake in Trade Desk by 33.6% in the 1st quarter. Brookstone Capital Management now owns 4,477 shares of the technology company’s stock worth $391,000 after purchasing an additional 1,126 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in Trade Desk by 6.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 28,421 shares of the technology company’s stock worth $2,485,000 after purchasing an additional 1,678 shares during the period. Pinnacle Bancorp Inc. grew its holdings in Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Trade Desk during the first quarter valued at about $386,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $118.21 on Friday. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $120.78. The business’s 50 day simple moving average is $108.72 and its two-hundred day simple moving average is $98.03. The stock has a market capitalization of $57.82 billion, a P/E ratio of 295.53, a price-to-earnings-growth ratio of 5.73 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the business earned $0.07 earnings per share. Sell-side analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 4,872 shares of the firm’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 sale, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $68,930,351.49. This represents a 0.00 % 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, insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $99.50, for a total transaction of $484,764.00. Following the sale, the insider now directly owns 99,374 shares in the company, valued at $9,887,713. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,557,897 shares of company stock worth $170,121,565. 10.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TTD shares. BTIG Research raised their price objective on shares of Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Wedbush reissued an “outperform” rating and issued a $115.00 price target (up from $110.00) on shares of Trade Desk in a report on Thursday, September 12th. Evercore ISI raised shares of Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Robert W. Baird lifted their price objective on Trade Desk from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, StockNews.com upgraded Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.97.

Trade Desk 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.