The Trade Desk, Inc. (NASDAQ:TTD) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV cut its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.2% in the 4th quarter, HoldingsChannel reports. The fund owned 262,317 shares of the technology company’s stock after selling 8,795 shares during the period. Trade Desk accounts for approximately 2.6% of Forte Capital LLC ADV’s holdings, making the stock its 7th largest holding. Forte Capital LLC ADV’s holdings in Trade Desk were worth $18,876,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TTD. Vestmark Advisory Solutions Inc. raised its position in Trade Desk by 195.8% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 70,803 shares of the technology company’s stock worth $5,095,000 after acquiring an additional 46,865 shares in the last quarter. Sapient Capital LLC acquired a new position in shares of Trade Desk in the 4th quarter worth approximately $491,000. Axxcess Wealth Management LLC bought a new stake in shares of Trade Desk in the 4th quarter worth approximately $362,000. U.S. Capital Wealth Advisors LLC acquired a new stake in Trade Desk during the fourth quarter valued at approximately $207,000. Finally, Malaga Cove Capital LLC boosted its holdings in Trade Desk by 0.6% during the fourth quarter. Malaga Cove Capital LLC now owns 28,740 shares of the technology company’s stock worth $2,068,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock traded up $0.47 during midday trading on Friday, hitting $88.59. The company had a trading volume of 3,778,002 shares, compared to its average volume of 2,871,066. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $94.00. The business’s 50 day simple moving average is $83.69 and its two-hundred day simple moving average is $75.80. The stock has a market cap of $43.32 billion, a PE ratio of 246.09, a P/E/G ratio of 4.88 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on TTD shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Trade Desk in a report on Thursday, March 21st. Benchmark increased their price target on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a research report on Friday, February 16th. KeyCorp lifted their target price on shares of Trade Desk from $84.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. Finally, BMO Capital Markets raised their price objective on shares of Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.38.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $84.47, for a total transaction of $6,335,250.00. Following the sale, the chief executive officer now directly owns 824,022 shares in the company, valued at $69,605,138.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey Terry Green sold 75,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $84.47, for a total value of $6,335,250.00. Following the completion of the transaction, the chief executive officer now directly owns 824,022 shares of the company’s stock, valued at $69,605,138.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 2,136 shares of the business’s stock in a transaction on Friday, February 16th. The shares were 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 in the company, valued at approximately $12,515,756.82. The disclosure for this sale can be found here. Insiders have sold a total of 642,170 shares of company stock valued at $53,970,398 over the last three months. 10.18% of the stock is owned by corporate insiders.

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.