Trade Desk (NASDAQ:TTD) Price Target Raised to $140.00

Trade Desk (NASDAQ:TTD) had its target price lifted by KeyCorp from $130.00 to $140.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other brokerages also recently weighed in on TTD. Wedbush lifted their target price on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Evercore ISI upped their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Macquarie lifted their target price on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Moffett Nathanson assumed coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.83.

Trade Desk Trading Down 2.2 %

Shares of NASDAQ TTD opened at $118.80 on Friday. The stock has a market cap of $58.64 billion, a P/E ratio of 194.75, a P/E/G ratio of 6.00 and a beta of 1.45. Trade Desk has a twelve month low of $61.47 and a twelve month high of $141.53. The stock has a 50 day moving average of $126.72 and a two-hundred day moving average of $112.13.

Insider Transactions at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,086 shares of company stock valued at $4,654,466. Corporate insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the period. Quarry LP acquired a new position in shares of Trade Desk in the second quarter valued at approximately $41,000. Brown Lisle Cummings Inc. increased its position in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in Trade Desk in the 3rd quarter valued at $51,000. 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.