The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 82.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 101,964 shares of the technology company’s stock after purchasing an additional 45,929 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Trade Desk were worth $11,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk during the second quarter valued at approximately $30,000. EdgeRock Capital LLC acquired a new position in Trade Desk in the 2nd quarter valued at $37,000. Avior Wealth Management LLC lifted its stake in shares of Trade Desk by 37.7% during the 3rd 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. Quarry LP acquired a new stake in shares of Trade Desk during the second quarter worth $41,000. Finally, Brown Lisle Cummings Inc. grew its position in shares of Trade Desk by 66.7% in the third 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 period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Price Performance

Shares of TTD stock opened at $129.70 on Monday. The company’s fifty day moving average price is $117.38 and its two-hundred day moving average price is $103.98. The firm has a market capitalization of $64.02 billion, a P/E ratio of 212.62, a P/E/G ratio of 5.88 and a beta of 1.47. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $132.65.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. 9.72% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTD. UBS Group increased their target price on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. BTIG Research increased their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Cantor Fitzgerald restated a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Finally, Wells Fargo & Company initiated coverage on shares of Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.66.

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.