Forte Capital LLC ADV Sells 8,795 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Forte Capital LLC ADV decreased its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 262,317 shares of the technology company’s stock after selling 8,795 shares during the period. Trade Desk makes up approximately 2.6% of Forte Capital LLC ADV’s investment portfolio, making the stock its 7th largest position. Forte Capital LLC ADV owned about 0.05% of Trade Desk worth $18,876,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. NBC Securities Inc. acquired a new stake in Trade Desk during the third quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in Trade Desk in the third quarter valued at approximately $26,000. Cullen Frost Bankers Inc. purchased a new position in Trade Desk in the third quarter worth approximately $29,000. Level Financial Advisors Inc. increased its stake in Trade Desk by 50.0% during the fourth 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 position in Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after purchasing an additional 175 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TTD shares. Royal Bank of Canada raised their price objective on Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Piper Sandler upped their price objective on shares of Trade Desk from $80.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Wells Fargo & Company lifted their target price on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. BTIG Research upped their price target on Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Truist Financial raised their price target on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Two research 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. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $90.38.

Trade Desk Stock Up 0.5 %

Shares of NASDAQ TTD traded up $0.47 during mid-day trading on Friday, hitting $88.59. 3,778,002 shares of the company were exchanged, compared to its average volume of 2,871,066. The firm has a market cap of $43.32 billion, a price-to-earnings ratio of 246.09, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. The stock has a 50 day simple moving average of $83.69 and a 200-day simple moving average of $75.80. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $94.00.

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

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00. Following the completion of the transaction, the chief executive officer now owns 1,551,987 shares in the company, valued at approximately $126,905,976.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, insider Jay R. Grant sold 2,136 shares of the company’s stock in a transaction on 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 $12,515,756.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00. Following the transaction, the chief executive officer now directly owns 1,551,987 shares of the company’s stock, valued at approximately $126,905,976.99. The disclosure for this sale can be found here. Insiders have sold 642,170 shares of company stock valued at $53,970,398 over the last quarter. Company 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.