Trade Desk (NASDAQ:TTD) Price Target Raised to $145.00 at Wedbush

Trade Desk (NASDAQ:TTD) had its price target boosted by equities researchers at Wedbush from $135.00 to $145.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Wedbush’s target price suggests a potential upside of 14.35% from the stock’s current price.

A number of other research firms have also recently weighed in on TTD. Loop Capital boosted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, November 11th. 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. Benchmark restated a “sell” rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. UBS Group increased 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. Finally, Royal Bank of Canada upped their price objective on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.48.

Trade Desk Trading Up 4.1 %

Shares of TTD traded up $4.96 on Monday, reaching $126.80. 1,127,528 shares of the company’s stock traded hands, compared to its average volume of 1,922,243. The stock’s 50 day simple moving average is $126.56 and its two-hundred day simple moving average is $111.26. Trade Desk has a 52-week low of $61.47 and a 52-week high of $141.53. The stock has a market cap of $62.59 billion, a PE ratio of 207.87, a PEG ratio of 6.00 and a beta of 1.45.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total value of $9,314,959.50. Following the transaction, the chief executive officer now owns 7,330 shares in the company, valued at $846,615. The trade was a 91.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of Trade Desk 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 owns 693,953 shares in the company, valued at $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 125,528 shares of company stock valued at $14,571,290. Company insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TTD. CAP Partners LLC raised its stake 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 in the last quarter. Allworth Financial LP boosted its position in shares of Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Advisory Resource Group increased its holdings in shares of Trade Desk by 1.0% in the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 101 shares in the last quarter. Finally, HM Payson & Co. lifted its stake in shares of Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after purchasing an additional 102 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.