Central Pacific Bank Trust Division Sells 542 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Central Pacific Bank Trust Division lessened its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,800 shares of the technology company’s stock after selling 542 shares during the period. Central Pacific Bank Trust Division’s holdings in Trade Desk were worth $682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TTD. CAP Partners LLC raised its stake in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after acquiring an additional 86 shares during the last quarter. Allworth Financial LP raised its position in Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after purchasing an additional 97 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in 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 buying an additional 100 shares during the period. Advisory Resource Group increased its stake in shares of Trade Desk by 1.0% during the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after buying an additional 101 shares during the period. Finally, HM Payson & Co. raised its holdings in shares of Trade Desk by 1.0% during the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 102 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the topic of several recent analyst reports. Wells Fargo & Company started coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target on the stock. 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. Moffett Nathanson began coverage on Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price on the stock. BTIG Research raised their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, UBS Group upped their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.14.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 80,649 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the sale, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at approximately $846,615. This represents a 91.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 325,528 shares of company stock worth $37,031,290 in the last quarter. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Performance

TTD stock opened at $121.84 on Friday. The company has a market cap of $60.14 billion, a price-to-earnings ratio of 199.74, a P/E/G ratio of 6.00 and a beta of 1.43. The business’s 50-day moving average is $126.56 and its two-hundred day moving average is $111.09. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53.

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.