Sapient Capital LLC Sells 970 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Sapient Capital LLC reduced its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 18.7% in the 4th quarter, Holdings Channel reports. The firm owned 4,226 shares of the technology company’s stock after selling 970 shares during the quarter. Sapient Capital LLC’s holdings in Trade Desk were worth $497,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Harbor Investment Advisory LLC raised its position in shares of Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares in the last quarter. Synergy Asset Management LLC bought a new position in shares of Trade Desk in the 4th quarter worth about $34,000. Exchange Traded Concepts LLC bought a new position in shares of Trade Desk in the 4th quarter worth about $35,000. Avior Wealth Management LLC raised its position in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its position in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Down 1.9 %

Shares of NASDAQ TTD opened at $120.21 on Wednesday. The Trade Desk, Inc. has a twelve month low of $70.71 and a twelve month high of $141.53. The stock’s 50 day moving average price is $123.54 and its 200-day moving average price is $115.49. The company has a market capitalization of $59.33 billion, a PE ratio of 197.07, a PEG ratio of 3.63 and a beta of 1.45.

Analyst Ratings Changes

TTD has been the subject of several research analyst reports. KeyCorp lifted their price objective on Trade Desk from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday. Oppenheimer lifted their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Scotiabank initiated coverage on Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. Wolfe Research lifted their price objective on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Citigroup boosted their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.20.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at $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 41,029 shares of company stock worth $5,004,296 in the last 90 days. Insiders own 9.72% of the company’s stock.

About Trade Desk

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.