Vestor Capital LLC Sells 33,604 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Vestor Capital LLC decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 94.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,895 shares of the technology company’s stock after selling 33,604 shares during the quarter. Vestor Capital LLC’s holdings in Trade Desk were worth $64,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in Trade Desk by 2.9% during the 2nd quarter. Venturi Wealth Management LLC now owns 4,350 shares of the technology company’s stock worth $336,000 after buying an additional 123 shares during the period. Signaturefd LLC raised its holdings in Trade Desk by 1.5% during the 2nd quarter. Signaturefd LLC now owns 8,480 shares of the technology company’s stock worth $655,000 after buying an additional 127 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Trade Desk by 3.2% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,399 shares of the technology company’s stock worth $340,000 after buying an additional 135 shares during the period. SeaCrest Wealth Management LLC raised its holdings in Trade Desk by 2.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 6,765 shares of the technology company’s stock worth $412,000 after buying an additional 161 shares during the period. Finally, Column Capital Advisors LLC raised its holdings in Trade Desk by 17.7% during the 1st quarter. Column Capital Advisors LLC now owns 1,084 shares of the technology company’s stock worth $66,000 after buying an additional 163 shares during the period. Institutional investors own 68.23% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 23,004 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $71.01, for a total transaction of $1,633,514.04. Following the completion of the transaction, the chief executive officer now owns 1,339,741 shares of the company’s stock, valued at $95,135,008.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Jay R. Grant sold 1,427 shares of the company’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 value of $107,067.81. Following the completion of the transaction, the insider now owns 154,636 shares of the company’s stock, valued at $11,602,339.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 23,004 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $71.01, for a total value of $1,633,514.04. Following the completion of the transaction, the chief executive officer now directly owns 1,339,741 shares of the company’s stock, valued at approximately $95,135,008.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 436,402 shares of company stock valued at $34,866,627. 10.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Trade Desk from $86.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Oppenheimer lifted their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating in a report on Thursday, November 2nd. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a research note on Thursday, August 10th. Finally, Evercore ISI raised their target price on shares of Trade Desk from $75.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.71.

Trade Desk Stock Up 0.6 %

TTD stock opened at $68.05 on Thursday. The company has a market cap of $33.36 billion, a PE ratio of 219.52, a price-to-earnings-growth ratio of 5.49 and a beta of 1.68. The business has a 50-day simple moving average of $77.18 and a 200 day simple moving average of $76.36. The Trade Desk, Inc. has a 52 week low of $41.20 and a 52 week high of $91.85.

Trade Desk Profile

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.