The Trade Desk, Inc. (NASDAQ:TTD) Stock Holdings Trimmed by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lessened its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,313 shares of the technology company’s stock after selling 466 shares during the period. SeaCrest Wealth Management LLC’s holdings in Trade Desk were worth $859,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TTD. Ithaka Group LLC lifted its stake in Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after purchasing an additional 4,836 shares during the last quarter. Venture Visionary Partners LLC lifted its position in shares of Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after buying an additional 4,296 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Trade Desk by 36.2% in the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after buying an additional 358,350 shares during the period. Assetmark Inc. grew its position in shares of Trade Desk by 2,461.2% during the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after buying an additional 70,687 shares during the last quarter. Finally, Swiss National Bank raised its stake in Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the subject of a number of research reports. Scotiabank assumed coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 target price for the company. KeyCorp boosted their price objective on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Moffett Nathanson started coverage on Trade Desk in a research report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price on the stock. Truist Financial boosted their price target on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $132.55.

Insider Activity at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,086 shares of company stock worth $4,654,466 in the last quarter. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Performance

NASDAQ TTD opened at $119.68 on Thursday. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The business’s fifty day moving average is $126.55 and its two-hundred day moving average is $112.46. The stock has a market capitalization of $59.07 billion, a P/E ratio of 196.20, a P/E/G ratio of 6.00 and a beta of 1.45.

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.