Public Employees Retirement System of Ohio Sells 9,770 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Public Employees Retirement System of Ohio lowered its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 5.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 184,711 shares of the technology company’s stock after selling 9,770 shares during the period. Public Employees Retirement System of Ohio’s holdings in Trade Desk were worth $20,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kensington Investment Counsel LLC boosted its position in shares of Trade Desk by 2.1% during the third quarter. Kensington Investment Counsel LLC now owns 37,225 shares of the technology company’s stock worth $4,082,000 after buying an additional 779 shares during the period. Orion Portfolio Solutions LLC lifted its stake in Trade Desk by 4.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 41,463 shares of the technology company’s stock valued at $4,546,000 after acquiring an additional 1,647 shares in the last quarter. National Bank of Canada FI boosted its position in Trade Desk by 107.9% during the 3rd quarter. National Bank of Canada FI now owns 93,699 shares of the technology company’s stock worth $10,274,000 after acquiring an additional 48,630 shares during the last quarter. Glen Eagle Advisors LLC grew its stake in shares of Trade Desk by 65.6% during the 3rd quarter. Glen Eagle Advisors LLC now owns 631 shares of the technology company’s stock worth $69,000 after acquiring an additional 250 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in shares of Trade Desk by 4.3% in the third quarter. iA Global Asset Management Inc. now owns 45,633 shares of the technology company’s stock valued at $5,004,000 after purchasing an additional 1,898 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now owns 565,180 shares of the company’s stock, valued at $61,423,762.40. The trade was a 26.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 in the last quarter. Company insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Moffett Nathanson started coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Truist Financial raised their price objective on Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company assumed coverage on Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 target price on the stock. Loop Capital raised their price target on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus upped their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $124.94.

Trade Desk Stock Performance

TTD stock opened at $132.66 on Wednesday. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The company has a market capitalization of $65.48 billion, a PE ratio of 217.48, a price-to-earnings-growth ratio of 6.30 and a beta of 1.43. The company’s 50-day simple moving average is $123.25 and its 200 day simple moving average is $107.47.

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.