Needham Investment Management LLC Increases Position in The Trade Desk, Inc. (NASDAQ:TTD)

Needham Investment Management LLC boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,000 shares of the technology company’s stock after purchasing an additional 4,000 shares during the period. Needham Investment Management LLC’s holdings in Trade Desk were worth $6,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Venture Visionary Partners LLC raised its position in shares of Trade Desk by 33.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Ithaka Group LLC grew its stake in Trade Desk by 4.5% during the 3rd 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 in the last quarter. Assetmark Inc. lifted its holdings in shares of Trade Desk by 2,461.2% in the 3rd 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 during the last quarter. Swiss National Bank lifted its holdings in shares of Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Trade Desk by 3.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock worth $231,294,000 after acquiring an additional 68,206 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock worth $125,534,054 in the last ninety days. 9.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TTD has been the topic of a number of research reports. Moffett Nathanson initiated coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. BTIG Research increased their target price 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. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and raised their price objective for the company from $85.00 to $115.00 in a report on Monday, November 25th. Finally, DA Davidson upped their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $124.66.

Trade Desk Trading Up 0.9 %

Trade Desk stock traded up $1.17 during midday trading on Tuesday, reaching $136.33. 694,253 shares of the stock traded hands, compared to its average volume of 3,834,600. The firm has a fifty day moving average price of $119.99 and a two-hundred day moving average price of $105.70. The firm has a market cap of $67.29 billion, a price-to-earnings ratio of 223.49, a PEG ratio of 5.83 and a beta of 1.43. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $137.19.

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.