The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Spire Wealth Management

Spire Wealth Management trimmed its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 17.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,605 shares of the technology company’s stock after selling 3,995 shares during the quarter. Spire Wealth Management’s holdings in Trade Desk were worth $1,437,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. RFP Financial Group LLC acquired a new position in shares of Trade Desk during the 2nd quarter worth approximately $32,000. BOKF NA purchased a new stake in shares of Trade Desk during the first quarter worth approximately $26,000. Vestor Capital LLC purchased a new stake in shares of Trade Desk during the first quarter worth approximately $67,000. Credit Agricole S A purchased a new stake in shares of Trade Desk during the second quarter worth approximately $38,000. Finally, MUFG Americas Holdings Corp purchased a new stake in shares of Trade Desk during the third quarter worth approximately $30,000. 68.23% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jay R. Grant sold 1,427 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $75.03, for a total transaction of $107,067.81. Following the transaction, the insider now owns 154,636 shares in the company, valued at approximately $11,602,339.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Jay R. Grant sold 1,427 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $75.03, for a total transaction of $107,067.81. Following the transaction, the insider now owns 154,636 shares in the company, valued at approximately $11,602,339.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $74.94, for a total value of $5,620,500.00. Following the completion of the transaction, the chief executive officer now owns 1,209,221 shares in the company, valued at $90,619,021.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 436,402 shares of company stock worth $34,866,627. 10.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on TTD. Morgan Stanley dropped their price target on Trade Desk from $105.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, November 10th. Wells Fargo & Company upped their target price on Trade Desk from $82.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Piper Sandler dropped their target price on Trade Desk from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, November 10th. Stifel Nicolaus restated a “buy” rating and issued a $91.00 target price on shares of Trade Desk in a report on Thursday, August 31st. Finally, New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.71.

Trade Desk Stock Performance

TTD opened at $68.05 on Thursday. The Trade Desk, Inc. has a one year low of $41.20 and a one year high of $91.85. The company has a market cap of $33.36 billion, a P/E ratio of 219.52, a PEG ratio of 5.49 and a beta of 1.68. The business’s 50-day simple moving average is $77.18 and its 200-day simple moving average is $76.36.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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.