Golden State Equity Partners Sells 249 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Golden State Equity Partners trimmed its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,072 shares of the technology company’s stock after selling 249 shares during the quarter. Golden State Equity Partners’ holdings in Trade Desk were worth $581,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. NBC Securities Inc. purchased a new position in shares of Trade Desk during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in Trade Desk in the 3rd quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in Trade Desk in the 3rd quarter worth approximately $29,000. Level Financial Advisors Inc. raised its holdings in Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after acquiring 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 worth $38,000 after acquiring an additional 175 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Performance

Shares of TTD traded up $1.39 during midday trading on Friday, hitting $84.73. 2,944,850 shares of the company traded hands, compared to its average volume of 2,656,220. The firm has a 50 day moving average of $83.47 and a 200-day moving average of $75.73. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $94.00. The stock has a market cap of $41.43 billion, a price-to-earnings ratio of 235.37, a PEG ratio of 4.59 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $582.61 million. Sell-side analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BTIG Research boosted their price objective on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. BMO Capital Markets boosted their price objective on shares of Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a research report on Thursday, March 21st. Royal Bank of Canada lifted their target price on shares of Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company lifted their target price 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.75.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 2,136 shares of the stock in a transaction dated 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 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 this hyperlink. In other Trade Desk news, CEO Jeffrey Terry Green sold 2,600 shares of the firm’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 sale, the chief executive officer now owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $191,236.08. Following the completion of the sale, the insider now directly owns 139,794 shares of the company’s stock, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 492,170 shares of company stock valued at $41,250,398. Insiders own 10.18% of the company’s stock.

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.