Brighton Jones LLC Sells 658 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Brighton Jones LLC decreased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,801 shares of the technology company’s stock after selling 658 shares during the quarter. Brighton Jones LLC’s holdings in Trade Desk were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in shares of Trade Desk during the third quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Trade Desk in the third quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Trade Desk in the third quarter worth approximately $29,000. Level Financial Advisors Inc. lifted its holdings in shares of Trade Desk by 50.0% in the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Trade Desk by 56.5% during the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

NASDAQ:TTD opened at $88.59 on Friday. The company has a market cap of $43.32 billion, a P/E ratio of 246.09, a P/E/G ratio of 4.86 and a beta of 1.50. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $94.00. The stock’s fifty day moving average price is $83.69 and its two-hundred day moving average price is $75.83.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. On average, analysts expect that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTD has been the topic of several recent analyst reports. Susquehanna raised their price objective on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, February 16th. Stephens reissued an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Wells Fargo & Company upped their price objective on shares of Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. KeyCorp lifted their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a report on Thursday, March 21st. Two equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.38.

Insider Activity

In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $89.53, for a total value of $191,236.08. Following the completion of the transaction, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $89.53, for a total value of $191,236.08. Following the sale, the insider now owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00. Following the sale, the chief executive officer now owns 824,022 shares of the company’s stock, valued at approximately $69,605,138.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 642,170 shares of company stock worth $53,970,398. 10.18% of the stock is owned by company insiders.

Trade Desk Company Profile

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.