Algert Global LLC Has $4.91 Million Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Algert Global LLC boosted its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 814.8% in the third quarter, Holdings Channel.com reports. The firm owned 44,761 shares of the technology company’s stock after acquiring an additional 39,868 shares during the period. Algert Global LLC’s holdings in Trade Desk were worth $4,908,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Venture Visionary Partners LLC increased its stake in Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares during the last quarter. Ithaka Group LLC increased its position in shares of Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after acquiring an additional 4,836 shares during the last quarter. Assetmark Inc. raised its holdings in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares in the last quarter. Swiss National Bank boosted its position in Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Trade Desk by 5.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock valued at $9,179,000 after purchasing an additional 5,148 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $129.70 on Monday. The company has a 50-day moving average price of $117.38 and a 200-day moving average price of $103.98. The stock 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 1 year low of $61.47 and a 1 year high of $132.65.

Insider Buying and Selling at Trade Desk

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the transaction, the chief executive officer now owns 7,330 shares in the company, valued at approximately $846,615. This represents a 91.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm’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 of the company’s stock, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,128,938 shares of company stock worth $125,534,054. Insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTD. Loop Capital boosted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Bank of America initiated coverage on shares of Trade Desk in a report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 target price on the stock. Susquehanna reiterated a “positive” rating and set a $150.00 price target on shares of Trade Desk in a report on Thursday. Piper Sandler restated an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Finally, Macquarie lifted their target price on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday. Two 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. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target 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.