Trade Desk (NASDAQ:TTD) Price Target Raised to $145.00

Trade Desk (NASDAQ:TTD) had its price objective raised by Morgan Stanley from $130.00 to $145.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other equities research analysts also recently commented on TTD. Oppenheimer lifted their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Susquehanna reaffirmed a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research note on Thursday, November 21st. Cantor Fitzgerald reissued a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. Wolfe Research upped their price target on shares of Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. 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 assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $119.68 on Monday. The firm has a market cap of $59.07 billion, a P/E ratio of 196.20, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. Trade Desk has a 1 year low of $61.47 and a 1 year high of $141.53. The firm’s 50 day moving average price is $126.55 and its 200 day moving average price is $112.46.

Insider Buying and Selling at Trade Desk

In related news, 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 directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock worth $4,654,466 in the last 90 days. 9.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings 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 purchasing an additional 100 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings 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 buying an additional 150 shares during the period. Quarry LP acquired a new position in Trade Desk in the second quarter valued at approximately $41,000. Finally, Brown Brothers Harriman & Co. bought a new position in Trade Desk during the 3rd quarter worth $51,000. 67.77% of the stock is currently owned by institutional investors.

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.