The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 8.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,992 shares of the technology company’s stock after selling 468 shares during the quarter. Moors & Cabot Inc.’s holdings in Trade Desk were worth $385,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in shares of Trade Desk during the second quarter valued at about $285,000. IFP Advisors Inc increased its holdings in shares of Trade Desk by 103.4% during the second quarter. IFP Advisors Inc now owns 7,106 shares of the technology company’s stock valued at $616,000 after acquiring an additional 3,613 shares in the last quarter. Soltis Investment Advisors LLC acquired a new position in shares of Trade Desk during the second quarter valued at about $309,000. JPMorgan Chase & Co. increased its holdings in shares of Trade Desk by 61.6% during the first quarter. JPMorgan Chase & Co. now owns 19,593,717 shares of the technology company’s stock valued at $1,193,453,000 after acquiring an additional 7,471,935 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Trade Desk by 3.8% in the second quarter. International Assets Investment Management LLC now owns 16,977 shares of the technology company’s stock valued at $1,311,000 after buying an additional 615 shares during the last quarter. Institutional investors and hedge funds own 68.23% of the company’s stock.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 1,427 shares of the stock in a transaction 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 directly owns 154,636 shares of the company’s stock, valued at approximately $11,602,339.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 1,427 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 154,636 shares of the company’s stock, valued at approximately $11,602,339.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Laura Schenkein sold 2,613 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $66.48, for a total value of $173,712.24. Following the completion of the sale, the chief financial officer now directly owns 660,009 shares of the company’s stock, valued at $43,877,398.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 442,014 shares of company stock valued at $35,244,721. 10.81% of the stock is owned by insiders.

Analyst Ratings Changes

TTD has been the topic of a number of recent research reports. TheStreet lowered Trade Desk from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. Stephens reiterated an “overweight” rating and issued a $100.00 target price on shares of Trade Desk in a research report on Thursday, August 31st. Morgan Stanley dropped their target price on Trade Desk from $105.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Evercore ISI upped their target price on Trade Desk from $75.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Finally, Citigroup upped their target price on Trade Desk from $86.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $82.71.

Trade Desk Stock Performance

NASDAQ TTD opened at $66.47 on Friday. The business has a fifty day moving average price of $76.47 and a 200 day moving average price of $76.41. 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 $32.58 billion, a P/E ratio of 214.42, a P/E/G ratio of 5.74 and a beta of 1.68.

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.