West Tower Group LLC Has $164,000 Stake in The Trade Desk, Inc. (NASDAQ:TTD)

West Tower Group LLC lowered its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 40.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,500 shares of the technology company’s stock after selling 1,000 shares during the period. West Tower Group LLC’s holdings in Trade Desk were worth $164,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of Trade Desk by 32.3% during the third quarter. Bank of Montreal Can now owns 853,128 shares of the technology company’s stock valued at $93,375,000 after buying an additional 208,349 shares during the last quarter. Truvestments Capital LLC bought a new stake in Trade Desk during the third quarter worth about $346,000. Brown Brothers Harriman & Co. bought a new stake in shares of Trade Desk during the third quarter valued at approximately $51,000. Harvest Fund Management Co. Ltd grew its stake in shares of Trade Desk by 44.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 32,596 shares of the technology company’s stock valued at $3,573,000 after purchasing an additional 10,106 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Trade Desk by 82.0% during the third quarter. Daiwa Securities Group Inc. now owns 101,964 shares of the technology company’s stock valued at $11,180,000 after purchasing an additional 45,929 shares during 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 opened at $129.35 on Tuesday. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65. The stock’s 50-day moving average is $117.38 and its 200 day moving average is $103.98. The firm has a market cap of $63.84 billion, a price-to-earnings ratio of 212.05, a PEG ratio of 5.88 and a beta of 1.47.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the transaction, the chief executive officer now directly owns 765,180 shares in the company, valued at approximately $83,764,254.60. This trade represents a 20.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last quarter. 9.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Benchmark reaffirmed a “sell” rating and issued a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. Bank of America began coverage on shares of Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 target price for the company. Robert W. Baird lifted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, KeyCorp boosted their target price on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.66.

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.