Sanctuary Advisors LLC Has $5.17 Million Stock Position in The Trade Desk, Inc. (NASDAQ:TTD)

Sanctuary Advisors LLC grew its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 9.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,165 shares of the technology company’s stock after buying an additional 4,018 shares during the period. Sanctuary Advisors LLC’s holdings in Trade Desk were worth $5,172,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Edgewood Management LLC increased its position in shares of Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after acquiring an additional 5,675,571 shares during the last quarter. Jennison Associates LLC lifted its stake in Trade Desk by 11.0% in the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after purchasing an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TTD shares. Evercore ISI increased their price target on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. Moffett Nathanson initiated coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. Wedbush restated an “outperform” rating and issued a $135.00 price objective on shares of Trade Desk in a report on Thursday. Finally, Piper Sandler reissued an “overweight” rating and issued a $140.00 price target (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.94.

Insider Transactions at Trade Desk

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at $83,764,254.60. This trade represents a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $132.42 on Monday. The stock has a market cap of $65.36 billion, a price-to-earnings ratio of 217.08, a PEG ratio of 6.00 and a beta of 1.43. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The firm’s 50-day moving average is $124.59 and its two-hundred day moving average is $108.28.

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.