The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells $2,210,839.40 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $121.84 on Friday. The business has a fifty day moving average of $126.56 and a 200-day moving average of $111.18. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53. The firm has a market cap of $60.14 billion, a PE ratio of 199.74, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTD. Needham & Company LLC lifted their price target on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Scotiabank assumed coverage on shares of Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price target on the stock. Oppenheimer boosted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Citigroup lifted their target price on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.14.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds have recently added to or reduced their stakes in the stock. Everence Capital Management Inc. acquired a new position in Trade Desk during the 4th quarter worth $1,328,000. GAMMA Investing LLC raised its position in shares of Trade Desk by 9.3% during the 4th quarter. GAMMA Investing LLC now owns 2,313 shares of the technology company’s stock valued at $272,000 after acquiring an additional 196 shares during the last quarter. Versant Capital Management Inc increased its holdings in Trade Desk by 94.4% in the fourth quarter. Versant Capital Management Inc now owns 698 shares of the technology company’s stock valued at $82,000 after purchasing an additional 339 shares during the last quarter. Independent Solutions Wealth Management LLC increased its stake in shares of Trade Desk by 21.0% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 64,358 shares of the technology company’s stock valued at $7,057,000 after acquiring an additional 11,181 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Trade Desk in the third quarter worth $11,296,000. Institutional investors own 67.77% of the company’s stock.

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.