Transamerica Financial Advisors Inc. Sells 1,365 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Transamerica Financial Advisors Inc. trimmed its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 35,288 shares of the technology company’s stock after selling 1,365 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Trade Desk were worth $3,870,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TTD. Lazard Asset Management LLC increased its position in shares of Trade Desk by 1.4% in the first quarter. Lazard Asset Management LLC now owns 12,755 shares of the technology company’s stock valued at $1,114,000 after acquiring an additional 171 shares during the period. SVB Wealth LLC purchased a new position in Trade Desk during the 1st quarter valued at about $231,000. Silvercrest Asset Management Group LLC raised its position in Trade Desk by 7.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 51,086 shares of the technology company’s stock valued at $4,466,000 after purchasing an additional 3,532 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Trade Desk by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 704,304 shares of the technology company’s stock worth $61,570,000 after buying an additional 5,870 shares during the period. Finally, Motley Fool Asset Management LLC lifted its holdings in Trade Desk by 11.8% in the 1st quarter. Motley Fool Asset Management LLC now owns 16,246 shares of the technology company’s stock worth $1,420,000 after buying an additional 1,721 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the completion of the sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at approximately $83,764,254.60. This represents a 20.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the sale, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is owned by insiders.

Trade Desk Stock Down 0.3 %

Shares of NASDAQ TTD traded down $0.35 during trading on Tuesday, reaching $129.35. 5,323,217 shares of the company traded hands, compared to its average volume of 3,853,049. The firm has a 50 day simple moving average of $117.38 and a 200-day simple moving average of $103.98. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65. The stock has a market capitalization of $63.84 billion, a PE ratio of 212.05, a P/E/G ratio of 5.88 and a beta of 1.47.

Analysts Set New Price Targets

A number of equities analysts recently commented on TTD shares. Truist Financial upped their target price on Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company assumed coverage on shares of Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective on the stock. StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Friday. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average target price of $124.66.

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.