Trade Desk (NASDAQ:TTD) Given New $140.00 Price Target at KeyCorp

Trade Desk (NASDAQ:TTD) had its price objective lifted by KeyCorp from $130.00 to $140.00 in a research note released on Friday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Other research analysts also recently issued research reports about the company. Wolfe Research upped their price objective on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Macquarie raised their price target on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Oppenheimer boosted their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Citigroup raised their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $129.83.

Trade Desk Trading Down 2.2 %

Shares of NASDAQ TTD opened at $118.80 on Friday. Trade Desk has a 1-year low of $61.47 and a 1-year high of $141.53. The company has a 50-day moving average of $126.73 and a two-hundred day moving average of $111.77. The company has a market cap of $58.64 billion, a PE ratio of 194.75, a P/E/G ratio of 6.00 and a beta of 1.45.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,086 shares of company stock worth $4,654,466. Corporate insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently made changes to their positions in TTD. Avior Wealth Management LLC raised its position in Trade Desk by 37.7% during 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 in the last quarter. JFS Wealth Advisors LLC raised its holdings 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 valued at $41,000 after purchasing an additional 247 shares during the period. Brown Lisle Cummings Inc. lifted its stake in 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. Quarry LP bought a new position in Trade Desk during the second quarter worth about $41,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Trade Desk during the third quarter worth approximately $51,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Company 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.