Trade Desk (NASDAQ:TTD) Price Target Raised to $155.00

Trade Desk (NASDAQ:TTD) had its price target boosted by Wolfe Research from $140.00 to $155.00 in a research note published on Friday,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. Scotiabank initiated coverage on shares of Trade Desk in a report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. BTIG Research upped their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Truist Financial upped their price objective on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their price objective for the company from $85.00 to $115.00 in a report on Monday, November 25th. Finally, StockNews.com lowered shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.14.

Trade Desk Stock Up 3.5 %

Shares of NASDAQ TTD opened at $121.84 on Friday. The firm has a 50-day simple moving average of $126.56 and a 200-day simple moving average of $111.26. The stock has a market capitalization of $60.14 billion, a price-to-earnings ratio of 199.74, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 80,649 shares of the company’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. This represents a 91.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,528 shares of company stock worth $14,571,290. Company insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Several large investors have recently made changes to their positions in TTD. Ithaka Group LLC lifted its stake in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after buying an additional 4,836 shares during the period. Venture Visionary Partners LLC lifted its stake in Trade Desk by 33.0% in the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares during the period. Assetmark Inc. increased its holdings 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 in the last quarter. Swiss National Bank increased its holdings in shares of Trade Desk by 0.3% in the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Trade Desk by 3.3% in 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 worth $231,294,000 after acquiring an additional 68,206 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.