Strategic Blueprint LLC Decreases Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Strategic Blueprint LLC decreased its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,152 shares of the technology company’s stock after selling 1,018 shares during the period. Strategic Blueprint LLC’s holdings in Trade Desk were worth $841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTD. Harbor Investment Advisory LLC boosted its stake in Trade Desk by 68.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock valued at $34,000 after acquiring an additional 117 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Trade Desk in the 4th quarter valued at about $35,000. Avior Wealth Management LLC lifted its position in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Quarry LP acquired a new position in Trade Desk in the second quarter worth about $41,000. Finally, Brown Lisle Cummings Inc. increased its holdings in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The stock was 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 directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 553,982 shares of company stock valued at $68,954,147 over the last ninety days. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 3.0 %

TTD opened at $118.94 on Friday. The firm has a market cap of $58.71 billion, a PE ratio of 194.98, a P/E/G ratio of 3.82 and a beta of 1.45. The business has a fifty day simple moving average of $125.70 and a 200-day simple moving average of $114.05. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The company had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same quarter last year, the business earned $0.08 EPS. On average, equities research analysts anticipate that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on TTD shares. Scotiabank assumed coverage on Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 target price for the company. Loop Capital boosted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Oppenheimer raised their price target on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Truist Financial boosted their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, JMP Securities initiated coverage on shares of Trade Desk in a report on Tuesday, January 21st. They issued a “mkt outperform” rating and a $150.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

Trade Desk 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.