Massmutual Trust Co. FSB ADV Has $41,000 Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Massmutual Trust Co. FSB ADV trimmed its holdings in The Trade Desk, Inc. (NASDAQ:TTDGet Rating) by 44.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 982 shares of the technology company’s stock after selling 799 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Trade Desk were worth $41,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new position in Trade Desk during the fourth quarter worth $27,000. Whittier Trust Co. of Nevada Inc. bought a new position in Trade Desk during the first quarter worth $42,000. San Luis Wealth Advisors LLC bought a new position in Trade Desk during the first quarter worth $42,000. Clearstead Advisors LLC boosted its position in Trade Desk by 49.0% during the fourth quarter. Clearstead Advisors LLC now owns 468 shares of the technology company’s stock worth $43,000 after purchasing an additional 154 shares during the period. Finally, Vestor Capital LLC bought a new position in Trade Desk during the first quarter worth $47,000. 67.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Blake Jeffrey Grayson sold 3,676 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $72.50, for a total value of $266,510.00. Following the completion of the transaction, the chief financial officer now owns 197,858 shares of the company’s stock, valued at $14,344,705. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 10.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent research reports. Needham & Company LLC boosted their target price on shares of Trade Desk from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Wolfe Research initiated coverage on shares of Trade Desk in a research report on Tuesday, August 16th. They issued a “market perform” rating for the company. Evercore ISI boosted their target price on shares of Trade Desk to $75.00 in a research report on Monday, August 15th. KeyCorp boosted their target price on shares of Trade Desk from $52.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, August 10th. Finally, DA Davidson boosted their target price on shares of Trade Desk from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.24.

Trade Desk Trading Up 1.8 %

Shares of NASDAQ TTD opened at $63.03 on Tuesday. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 900.56, a PEG ratio of 12.28 and a beta of 1.94. The Trade Desk, Inc. has a 12 month low of $39.00 and a 12 month high of $114.09. The stock has a 50-day moving average price of $57.98 and a two-hundred day moving average price of $56.80.

Trade Desk (NASDAQ:TTDGet Rating) last issued its earnings results on Tuesday, August 9th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06). Trade Desk had a return on equity of 2.16% and a net margin of 2.43%. The business had revenue of $376.96 million for the quarter, compared to analyst estimates of $365.20 million. During the same period in the previous year, the firm posted $0.10 EPS. The firm’s revenue was up 34.6% compared to the same quarter last year. On average, sell-side analysts predict that The Trade Desk, Inc. will post 0.21 earnings per share for the current year.

About Trade Desk

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Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to create, manage, and optimize data-driven digital advertising campaigns across various ad formats and channels, including display, video, audio, native, and social on various devices, such as computers, mobile devices, and connected TV.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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