Trade Desk (NASDAQ:TTD) Price Target Raised to $150.00

Trade Desk (NASDAQ:TTD) had its price target hoisted by Macquarie from $133.00 to $150.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus raised their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Susquehanna restated a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research report on Thursday. Citigroup raised their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wells Fargo & Company assumed coverage on Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective for the company. Finally, New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price objective for the company. in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $123.66.

Trade Desk Stock Up 1.8 %

Shares of TTD stock opened at $129.70 on Friday. Trade Desk has a twelve month low of $61.47 and a twelve month high of $132.65. The company has a market cap of $64.02 billion, a P/E ratio of 212.62, a P/E/G ratio of 5.88 and a beta of 1.47. The business has a fifty day simple moving average of $117.38 and a 200 day simple moving average of $103.98.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 80,649 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 7,330 shares in the company, valued at $846,615. The trade was a 91.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,128,938 shares of company stock valued at $125,534,054. Company insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently made changes to their positions in the stock. CAP Partners LLC grew its position in shares of Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares in the last quarter. Allworth Financial LP grew its position in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after buying an additional 97 shares in the last quarter. Apella Capital LLC grew its position in Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after buying an additional 100 shares in the last quarter. Avior Wealth Management LLC grew its position in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares in the last quarter. Finally, Advisory Resource Group grew its position in Trade Desk by 1.0% during the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock worth $1,152,000 after buying an additional 101 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

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.