Trade Desk (NASDAQ:TTD) Trading Up 6.7% Following Analyst Upgrade

Shares of The Trade Desk, Inc. (NASDAQ:TTD) shot up 6.7% during trading on Monday after KeyCorp raised their price target on the stock from $140.00 to $142.00. KeyCorp currently has an overweight rating on the stock. Trade Desk traded as high as $123.98 and last traded at $125.17. 1,483,959 shares traded hands during trading, a decline of 58% from the average session volume of 3,561,959 shares. The stock had previously closed at $117.29.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company increased their price objective on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, January 13th. 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. Loop Capital lifted their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Finally, Oppenheimer increased their price target on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.20.

Insider Buying and Selling at Trade Desk

In related news, insider Samantha Jacobson sold 4,298 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the transaction, the insider now directly owns 90,709 shares of the company’s stock, valued at approximately $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock worth $5,004,296 in the last 90 days. 9.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Koshinski Asset Management Inc. purchased a new stake in shares of Trade Desk during the 3rd quarter valued at about $213,000. Creative Planning grew its position in Trade Desk by 10.6% in the third quarter. Creative Planning now owns 129,599 shares of the technology company’s stock valued at $14,211,000 after acquiring an additional 12,384 shares in the last quarter. Swedbank AB raised its stake in shares of Trade Desk by 22.6% during the third quarter. Swedbank AB now owns 288,041 shares of the technology company’s stock valued at $31,584,000 after purchasing an additional 53,130 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Trade Desk by 12.1% during the third quarter. Vontobel Holding Ltd. now owns 11,046 shares of the technology company’s stock worth $1,211,000 after purchasing an additional 1,193 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of Trade Desk in the third quarter valued at $263,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

The firm has a market capitalization of $59.33 billion, a price-to-earnings ratio of 197.07, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45. The stock’s fifty day moving average is $123.54 and its two-hundred day moving average is $115.49.

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.