The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 3.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,590 shares of the technology company’s stock after purchasing an additional 1,773 shares during the period. D.A. Davidson & CO.’s holdings in Trade Desk were worth $6,315,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk in the 2nd quarter valued at about $30,000. EdgeRock Capital LLC acquired a new stake in Trade Desk in the second quarter valued at approximately $37,000. Avior Wealth Management LLC lifted its stake in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the last quarter. Quarry LP acquired a new position in Trade Desk during the 2nd quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. increased its position in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the sale, the director now directly owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction on Friday, September 20th. The stock was sold at an average price of $109.47, for a total value of $21,894,000.00. Following the transaction, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at $83,764,254.60. This trade represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Corporate insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of several recent analyst reports. Benchmark reaffirmed a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a research report on Friday, November 8th. UBS Group lifted their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Oppenheimer increased their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Susquehanna restated a “positive” rating and set a $150.00 target price on shares of Trade Desk in a research note on Thursday, November 21st. Finally, Bank of America initiated coverage on Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.66.

Trade Desk Price Performance

Trade Desk stock opened at $128.15 on Thursday. The stock’s 50 day moving average price is $118.32 and its 200 day moving average price is $104.56. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The company has a market cap of $63.25 billion, a PE ratio of 210.08, a price-to-earnings-growth ratio of 5.86 and a beta of 1.47.

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.