Brooklyn Investment Group Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Brooklyn Investment Group bought a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,219 shares of the technology company’s stock, valued at approximately $243,000.

Other large investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in Trade Desk in the second quarter valued at about $30,000. EdgeRock Capital LLC acquired a new position in shares of Trade Desk during the 2nd quarter worth about $37,000. Avior Wealth Management LLC increased its stake 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 acquiring an additional 100 shares during the last quarter. Quarry LP acquired a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $41,000. Finally, Brown Lisle Cummings Inc. boosted its stake in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at $3,269,019. This represents a 4.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the sale, the chief executive officer now directly owns 565,180 shares of the company’s stock, valued at $61,423,762.40. This represents a 26.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock valued at $125,534,054 over the last ninety days. 9.72% of the stock is currently owned by company insiders.

Trade Desk Trading Down 0.3 %

TTD opened at $128.98 on Wednesday. The stock’s fifty day simple moving average is $117.86 and its 200 day simple moving average is $104.26. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The stock has a market cap of $63.66 billion, a PE ratio of 211.44, a price-to-earnings-growth ratio of 5.86 and a beta of 1.47.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TTD shares. Robert W. Baird increased their target price on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Oppenheimer raised their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Moffett Nathanson assumed coverage on Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price on the stock. DA Davidson increased their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Needham & Company LLC increased their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.66.

Trade Desk 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.