Trade Desk (NASDAQ:TTD) Upgraded at New Street Research

New Street Research upgraded shares of Trade Desk (NASDAQ:TTD) from a sell rating to a neutral rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. New Street Research currently has $115.00 price objective on the technology company’s stock, up from their previous price objective of $85.00.

A number of other equities research analysts have also recently commented on the stock. Citigroup increased their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Needham & Company LLC raised their price target on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. KeyCorp increased their price objective on shares of Trade Desk from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a report on Monday, October 7th. Finally, DA Davidson lifted their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $124.66.

Trade Desk Stock Down 0.6 %

Shares of NASDAQ:TTD opened at $128.15 on Monday. The company has a market capitalization of $63.25 billion, a price-to-earnings ratio of 211.44, a price-to-earnings-growth ratio of 5.86 and a beta of 1.47. The firm has a 50 day moving average of $118.32 and a 200 day moving average of $104.56. Trade Desk has a 52 week low of $61.47 and a 52 week high of $132.65.

Insider Activity at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 29,991 shares of the company’s stock, valued at $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 565,180 shares in the company, valued at approximately $61,423,762.40. This represents a 26.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. 9.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in shares of Trade Desk by 326.1% in the 3rd quarter. Franklin Resources Inc. now owns 509,495 shares of the technology company’s stock valued at $60,105,000 after purchasing an additional 389,917 shares during the period. Synovus Financial Corp acquired a new stake in Trade Desk during the 3rd quarter worth $245,000. Wilmington Savings Fund Society FSB acquired a new position in Trade Desk in the third quarter valued at $1,194,000. World Investment Advisors LLC raised its holdings in shares of Trade Desk by 10.0% in the third quarter. World Investment Advisors LLC now owns 8,849 shares of the technology company’s stock valued at $970,000 after buying an additional 803 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Trade Desk by 9.3% during the third quarter. Sanctuary Advisors LLC now owns 47,165 shares of the technology company’s stock worth $5,172,000 after buying an additional 4,018 shares during the last quarter. 67.77% of the stock is 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.