2,556 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Bought by Nwam LLC

Nwam LLC purchased a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,556 shares of the technology company’s stock, valued at approximately $280,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC raised its stake in Trade Desk by 1.4% during the first quarter. Lazard Asset Management LLC now owns 12,755 shares of the technology company’s stock worth $1,114,000 after buying an additional 171 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Trade Desk in the 1st quarter worth about $231,000. Silvercrest Asset Management Group LLC lifted its stake in shares of Trade Desk by 7.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 51,086 shares of the technology company’s stock valued at $4,466,000 after purchasing an additional 3,532 shares during the period. California State Teachers Retirement System boosted its position in shares of Trade Desk by 0.8% during the 1st quarter. California State Teachers Retirement System now owns 704,304 shares of the technology company’s stock valued at $61,570,000 after purchasing an additional 5,870 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its stake in Trade Desk by 11.8% during the first quarter. Motley Fool Asset Management LLC now owns 16,246 shares of the technology company’s stock worth $1,420,000 after purchasing an additional 1,721 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity

In related news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the sale, the chief executive officer now directly owns 765,180 shares in the company, valued at approximately $83,764,254.60. This represents a 20.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk 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 completion of the transaction, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock valued at $125,534,054 in the last 90 days. Insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 0.3 %

Shares of NASDAQ TTD opened at $129.35 on Tuesday. The stock has a fifty day simple moving average of $117.38 and a two-hundred day simple moving average of $103.98. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The firm has a market cap of $63.84 billion, a price-to-earnings ratio of 212.05, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TTD shares. Evercore ISI boosted their price target on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their target price on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Bank of America began coverage on shares of Trade Desk in a research note on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target for the company. Macquarie increased their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, DA Davidson upped their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average 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.