Strategic Blueprint LLC Sells 1,018 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Strategic Blueprint LLC cut its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 12.5% in the fourth quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of TTD. CAP Partners LLC boosted its holdings in shares of Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after buying an additional 86 shares during the period. RMR Wealth Builders grew its position in shares of Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after purchasing an additional 89 shares during the last quarter. Allworth Financial LP increased its stake in shares of Trade Desk by 2.7% in 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. Parisi Gray Wealth Management lifted its position in shares of Trade Desk by 2.2% during the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock worth $533,000 after purchasing an additional 99 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

TTD stock opened at $118.94 on Friday. The stock has a market capitalization of $58.71 billion, a PE ratio of 194.98, a price-to-earnings-growth ratio of 3.82 and a beta of 1.45. The company has a 50 day moving average price of $125.70 and a 200 day moving average price 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 issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $628.02 million for the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period last year, the company earned $0.08 EPS. As a group, equities analysts expect that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Morgan Stanley increased their target price on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Evercore ISI boosted their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $133.13.

Insider Activity

In related news, insider Samantha Jacobson sold 4,298 shares of Trade Desk stock in a transaction 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 of the company’s stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 553,982 shares of company stock valued at $68,954,147. 9.72% of the stock is currently owned by insiders.

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.