The Trade Desk, Inc. (NASDAQ:TTD) Insider Jay R. Grant Sells 18,524 Shares

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Trade Desk Stock Performance

Trade Desk stock traded up $0.20 on Thursday, reaching $117.73. The company’s stock had a trading volume of 2,240,240 shares, compared to its average volume of 3,812,001. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53. The business’s fifty day moving average price is $126.52 and its 200 day moving average price is $110.88. The company has a market cap of $58.11 billion, a price-to-earnings ratio of 193.00, a PEG ratio of 6.00 and a beta of 1.43.

Wall Street Analyst Weigh In

TTD has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Trade Desk in a research report on Thursday, December 19th. Bank of America began coverage on Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective for the company. Needham & Company LLC boosted their target price on shares of Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Macquarie upped their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.07.

Hedge Funds Weigh In On Trade Desk

A number of institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC raised its position 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 during the last quarter. Quarry LP bought a new stake in Trade Desk during the 2nd quarter worth about $41,000. Brown Lisle Cummings Inc. boosted its stake in shares of 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. JFS Wealth Advisors LLC grew its position in shares of Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Trade Desk during the third quarter worth approximately $51,000. 67.77% of the stock is owned by institutional investors.

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.