California Public Employees Retirement System Sells 21,824 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

California Public Employees Retirement System reduced its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTDFree Report) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 786,685 shares of the technology company’s stock after selling 21,824 shares during the quarter. California Public Employees Retirement System owned approximately 0.16% of Trade Desk worth $56,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. acquired a new stake in Trade Desk during the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in Trade Desk during the 3rd quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in Trade Desk during the 3rd quarter worth approximately $29,000. Level Financial Advisors Inc. lifted its holdings in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after acquiring an additional 175 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other news, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Samantha Jacobson sold 15,006 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $83.57, for a total value of $1,254,051.42. Following the transaction, the insider now directly owns 52,387 shares of the company’s stock, valued at approximately $4,377,981.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 2,600 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the transaction, the chief executive officer now directly owns 974,022 shares in the company, valued at $84,165,241.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 492,170 shares of company stock worth $41,250,398. Insiders own 10.18% of the company’s stock.

Trade Desk Trading Down 0.5 %

NASDAQ TTD opened at $83.34 on Friday. The business’s 50-day moving average price is $83.40 and its two-hundred day moving average price is $75.68. The Trade Desk, Inc. has a 12 month low of $59.98 and a 12 month high of $94.00. The firm has a market capitalization of $40.75 billion, a PE ratio of 231.51, a price-to-earnings-growth ratio of 4.62 and a beta of 1.50.

Trade Desk (NASDAQ:TTDGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The company had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. As a group, analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTD has been the subject of several analyst reports. Piper Sandler lifted their price objective on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 16th. KeyCorp lifted their price objective on Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Stifel Nicolaus lifted their price objective on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Royal Bank of Canada lifted their price objective on Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Truist Financial lifted their price objective on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

View Our Latest Stock Report on TTD

Trade Desk Profile

(Free Report)

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.

See Also

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

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