Amalgamated Bank Has $3.62 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Amalgamated Bank trimmed its holdings in The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 4.3% during the third quarter, Holdings Channel reports. The institutional investor owned 46,252 shares of the technology company’s stock after selling 2,060 shares during the quarter. Amalgamated Bank’s holdings in Trade Desk were worth $3,615,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TTD. Exencial Wealth Advisors LLC purchased a new stake in Trade Desk during the third quarter worth about $204,000. Thompson Siegel & Walmsley LLC purchased a new stake in Trade Desk during the third quarter worth about $156,000. Avantax Advisory Services Inc. increased its holdings in Trade Desk by 69.1% during the third quarter. Avantax Advisory Services Inc. now owns 17,717 shares of the technology company’s stock worth $1,385,000 after buying an additional 7,237 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Trade Desk by 8.3% during the third quarter. Oppenheimer & Co. Inc. now owns 36,042 shares of the technology company’s stock worth $2,817,000 after buying an additional 2,774 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Trade Desk by 42.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 142,948 shares of the technology company’s stock worth $11,171,000 after buying an additional 42,367 shares during the last quarter. 68.23% of the stock is owned by institutional investors.

Trade Desk Stock Up 1.6 %

NASDAQ:TTD opened at $71.31 on Friday. The company has a fifty day moving average of $70.27 and a 200 day moving average of $74.70. The Trade Desk, Inc. has a 52 week low of $47.68 and a 52 week high of $91.85. The firm has a market capitalization of $34.96 billion, a P/E ratio of 230.03, a P/E/G ratio of 4.26 and a beta of 1.50.

Trade Desk (NASDAQ:TTDGet Free Report) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). Trade Desk had a return on equity of 7.38% and a net margin of 8.35%. The company had revenue of $493.27 million during the quarter, compared to the consensus estimate of $486.94 million. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.42 EPS for the current year.

Analyst Ratings Changes

TTD has been the subject of several recent research reports. Susquehanna reduced their target price on shares of Trade Desk from $105.00 to $75.00 and set a “positive” rating for the company in a research note on Friday, November 10th. Morgan Stanley reduced their target price on shares of Trade Desk from $105.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. BMO Capital Markets initiated coverage on shares of Trade Desk in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $88.00 target price for the company. KeyCorp reduced their target price on shares of Trade Desk from $100.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, November 10th. Finally, Wells Fargo & Company raised their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.81.

View Our Latest Research Report on Trade Desk

Insiders Place Their Bets

In other Trade Desk news, CFO Laura Schenkein sold 2,613 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $66.48, for a total value of $173,712.24. Following the completion of the transaction, the chief financial officer now directly owns 660,009 shares in the company, valued at approximately $43,877,398.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Laura Schenkein sold 2,613 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $66.48, for a total value of $173,712.24. Following the completion of the transaction, the chief financial officer now directly owns 660,009 shares in the company, valued at approximately $43,877,398.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 2,999 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $62.76, for a total transaction of $188,217.24. Following the completion of the transaction, the director now owns 36,312 shares of the company’s stock, valued at $2,278,941.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,610 shares of company stock worth $798,404. 10.81% of the stock is currently owned by corporate insiders.

Trade Desk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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