Bensler LLC Sells 2,666 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Bensler LLC decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,434 shares of the technology company’s stock after selling 2,666 shares during the period. Bensler LLC’s holdings in Trade Desk were worth $7,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTD. Ithaka Group LLC raised its position in shares of Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after buying an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in shares of Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 4,296 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after purchasing an additional 358,350 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Trade Desk by 2,461.2% in the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after purchasing an additional 70,687 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Trade Desk by 0.3% in the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on 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 owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The stock was 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 approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 549,684 shares of company stock worth $68,444,576. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $118.36 on Tuesday. The stock has a market capitalization of $58.42 billion, a price-to-earnings ratio of 194.49, a PEG ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 12 month low of $66.56 and a 12 month high of $141.53. The firm’s 50 day simple moving average is $125.87 and its 200-day simple moving average is $113.80.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same period in the prior year, the business posted $0.08 EPS. Analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on TTD shares. KeyCorp boosted their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Scotiabank started coverage on shares of Trade Desk in a research report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price objective on the stock. Wolfe Research boosted their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Royal Bank of Canada upped their price target on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

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.