Dynamic Technology Lab Private Ltd Buys Shares of 11,517 The Trade Desk, Inc. (NASDAQ:TTD)

Dynamic Technology Lab Private Ltd bought a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,517 shares of the technology company’s stock, valued at approximately $829,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Trade Desk in the third quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Trade Desk in the third quarter valued at approximately $26,000. Level Financial Advisors Inc. increased its holdings in Trade Desk by 50.0% during the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Ancora Advisors LLC raised its position in Trade Desk by 56.5% in the 3rd quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of Trade Desk in the fourth quarter worth $42,000. 67.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. KeyCorp raised their target price on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Oppenheimer upped their price target on shares of Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Truist Financial reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Trade Desk in a report on Thursday, May 16th. Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and upped their price target for the stock from $95.00 to $105.00 in a report on Thursday, May 2nd. Finally, Benchmark upped their target price on Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.01.

Insider Buying and Selling at Trade Desk

In other news, Director Kathryn E. Falberg sold 103,030 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $81.90, for a total value of $8,438,157.00. Following the completion of the transaction, the director now directly owns 242,609 shares in the company, valued at approximately $19,869,677.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kathryn E. Falberg sold 103,030 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $81.90, for a total value of $8,438,157.00. Following the completion of the sale, the director now directly owns 242,609 shares in the company, valued at approximately $19,869,677.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $84.78, for a total transaction of $6,358,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,267,629 shares of the company’s stock, valued at approximately $107,469,586.62. The disclosure for this sale can be found here. Insiders have sold 546,637 shares of company stock worth $46,088,765 over the last 90 days. Corporate insiders own 10.18% of the company’s stock.

Trade Desk Stock Performance

NASDAQ TTD opened at $95.32 on Thursday. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $97.65. The company has a fifty day moving average of $85.87 and a 200-day moving average of $77.46. The company has a market capitalization of $46.62 billion, a P/E ratio of 238.31, a P/E/G ratio of 5.04 and a beta of 1.50.

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.