The Trade Desk, Inc. (NASDAQ:TTD) Position Boosted by IHT Wealth Management LLC

IHT Wealth Management LLC raised its position in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 51.3% in the third quarter, HoldingsChannel.com reports. The firm owned 8,946 shares of the technology company’s stock after buying an additional 3,033 shares during the period. IHT Wealth Management LLC’s holdings in Trade Desk were worth $989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk in the second quarter valued at $30,000. Avior Wealth Management LLC raised its holdings in shares of 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% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new stake in shares of Trade Desk during the second quarter worth $37,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Up 2.0 %

NASDAQ:TTD opened at $139.11 on Friday. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The firm has a 50 day moving average of $122.27 and a 200-day moving average of $106.75. The stock has a market capitalization of $68.66 billion, a P/E ratio of 228.05, a price-to-earnings-growth ratio of 6.32 and a beta of 1.43.

Analyst Upgrades and Downgrades

Several research firms have commented on TTD. Oppenheimer increased their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Benchmark reaffirmed a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. Royal Bank of Canada raised their price target on Trade Desk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Needham & Company LLC raised their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $124.94.

Insider Activity

In related news, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the sale, the chief financial officer now owns 693,953 shares of the company’s stock, valued at $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,128,938 shares of company stock worth $125,534,054. Insiders own 9.72% 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.