Trade Desk (NASDAQ:TTD) Price Target Raised to $140.00

Trade Desk (NASDAQ:TTD) had its target price boosted by Royal Bank of Canada from $136.00 to $140.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other analysts have also recently weighed in on the stock. BTIG Research boosted their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. UBS Group increased their target price on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Stifel Nicolaus raised their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.14.

Trade Desk Trading Up 3.5 %

Shares of Trade Desk stock opened at $121.84 on Friday. The firm’s 50 day moving average is $126.56 and its 200 day moving average is $111.26. The firm has a market capitalization of $60.14 billion, a PE ratio of 199.74, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. Trade Desk has a 1 year low of $61.47 and a 1 year high of $141.53.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Terry Green sold 80,649 shares of Trade Desk stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the transaction, the chief executive officer now owns 7,330 shares of the company’s stock, valued at $846,615. This trade represents a 91.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,528 shares of company stock valued at $14,571,290 in the last three months. Corporate insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Stablepoint Partners LLC boosted its holdings in Trade Desk by 7.8% during the second quarter. Stablepoint Partners LLC now owns 12,377 shares of the technology company’s stock worth $1,141,000 after purchasing an additional 899 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Trade Desk by 10.7% in the second quarter. TD Asset Management Inc now owns 1,592,578 shares of the technology company’s stock valued at $155,547,000 after acquiring an additional 153,748 shares in the last quarter. Mayflower Financial Advisors LLC increased its position in shares of Trade Desk by 3.2% during the second quarter. Mayflower Financial Advisors LLC now owns 4,187 shares of the technology company’s stock valued at $409,000 after acquiring an additional 129 shares during the last quarter. SouthState Corp bought a new stake in Trade Desk during the second quarter worth $254,000. Finally, Victory Capital Management Inc. boosted its position in Trade Desk by 12.3% in the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock worth $159,151,000 after purchasing an additional 177,832 shares during the last quarter. Institutional investors own 67.77% 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.