Trade Desk’s (TTD) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Trade Desk (NASDAQ:TTD) in a report issued on Thursday,Benzinga reports. The firm currently has a $135.00 price target on the technology company’s stock.

Several other equities analysts also recently commented on TTD. Bank of America began coverage on Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Stifel Nicolaus raised their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Citigroup boosted their price objective 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. BTIG Research raised their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, UBS Group boosted their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $127.07.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $125.01 on Thursday. The firm has a market capitalization of $61.70 billion, a PE ratio of 204.93, a price-to-earnings-growth ratio of 6.00 and a beta of 1.43. The business has a 50 day simple moving average of $126.02 and a two-hundred day simple moving average of $109.33. Trade Desk has a 1 year low of $61.47 and a 1 year high of $141.53.

Insiders Place Their Bets

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the company’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 transaction of $147,695.00. Following the transaction, the director now owns 29,991 shares in the company, valued at approximately $3,269,019. This represents a 4.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the sale, the chief executive officer now owns 365,180 shares of the company’s stock, valued at $40,366,997.20. The trade was a 35.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 928,938 shares of company stock valued at $103,640,054. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TTD. Ithaka Group LLC increased its holdings in Trade Desk by 4.5% in the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares during the period. Venture Visionary Partners LLC boosted its holdings in shares of Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares during the last quarter. Assetmark Inc. increased its stake in shares of Trade Desk by 2,461.2% in the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares during the period. Swiss National Bank raised its holdings in shares of Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after purchasing an additional 4,500 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Trade Desk by 3.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after purchasing an additional 68,206 shares during the period. 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.