B. Riley Wealth Advisors Inc. Decreases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

B. Riley Wealth Advisors Inc. reduced its position in The Trade Desk, Inc. (NASDAQ:TTD) by 57.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,836 shares of the technology company’s stock after selling 38,315 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Trade Desk were worth $3,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the second quarter worth $30,000. Avior Wealth Management LLC increased its position in 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. JFS Wealth Advisors LLC increased its position in 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 buying an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. increased its position in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares during the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in Trade Desk in the second quarter worth $37,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $132.42 on Monday. 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 cap of $65.36 billion, a PE ratio of 217.08, a P/E/G ratio of 6.00 and a beta of 1.43. The stock’s 50-day moving average is $124.59 and its 200 day moving average is $108.28.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Benchmark reaffirmed a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a report on Friday, November 8th. Loop Capital raised their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Macquarie lifted their price objective on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Citigroup lifted their price objective on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Wedbush reissued an “outperform” rating and set a $135.00 price objective on shares of Trade Desk in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus target price of $124.94.

Insider Activity at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred 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 sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00. Following the sale, the chief executive officer now directly owns 765,180 shares in the company, valued at approximately $83,764,254.60. The trade was a 20.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock worth $125,534,054 in the last 90 days. Company 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.