Jackson Square Capital LLC Sells 100 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Jackson Square Capital LLC lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,779 shares of the technology company’s stock after selling 100 shares during the period. Jackson Square Capital LLC’s holdings in Trade Desk were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TTD. Allworth Financial LP lifted its stake in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares during the period. Apella Capital LLC raised its stake in shares of Trade Desk by 1.9% in the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after acquiring an additional 100 shares during the last quarter. HM Payson & Co. raised its stake in shares of Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 102 shares during the last quarter. Wealth Alliance raised its stake in shares of Trade Desk by 0.6% in the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after acquiring an additional 106 shares during the last quarter. Finally, Parisi Gray Wealth Management raised its stake in shares of Trade Desk by 2.6% in the third quarter. Parisi Gray Wealth Management now owns 4,435 shares of the technology company’s stock valued at $486,000 after acquiring an additional 111 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the subject of several research analyst reports. Macquarie boosted their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. Citigroup boosted their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wedbush restated an “outperform” rating and issued a $115.00 price objective (up previously from $110.00) on shares of Trade Desk in a research report on Thursday, September 12th. Wolfe Research started coverage on shares of Trade Desk in a report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price for the company. Finally, Benchmark lifted their target price on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $115.60.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total transaction of $160,712.42. Following the completion of the sale, the director now owns 3,516 shares of the company’s stock, valued at $351,846.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,557,897 shares of company stock valued at $170,121,565. Insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $124.81 on Thursday. The company has a market cap of $61.35 billion, a price-to-earnings ratio of 249.62, a PEG ratio of 5.69 and a beta of 1.47. The firm has a 50 day simple moving average of $111.83 and a 200 day simple moving average of $100.45. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $124.98.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current year.

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.