Truvestments Capital LLC Takes Position in The Trade Desk, Inc. (NASDAQ:TTD)

Truvestments Capital LLC acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, Holdings Channel.com reports. The fund acquired 3,160 shares of the technology company’s stock, valued at approximately $346,000.

Other large investors have also added to or reduced their stakes in the company. CAP Partners LLC raised its holdings in shares of Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after buying an additional 86 shares in the last quarter. Allworth Financial LP grew its position in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after acquiring an additional 97 shares during the last quarter. Apella Capital LLC raised its stake in shares of Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after acquiring an additional 100 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Trade Desk by 37.7% in the 3rd 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. Finally, HM Payson & Co. boosted its stake in shares of Trade Desk by 1.0% in the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now owns 178,853 shares in the company, valued at $19,432,378.45. This represents a 10.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00. Following the transaction, the chief executive officer now owns 565,180 shares of the company’s stock, valued at $61,423,762.40. The trade was a 26.14 % 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 valued at $125,534,054. 9.72% of the stock is currently owned by company insiders.

Trade Desk Stock Down 0.3 %

TTD opened at $129.35 on Tuesday. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65. The stock has a market cap of $63.84 billion, a PE ratio of 212.05, a PEG ratio of 5.88 and a beta of 1.47. The business has a 50 day moving average of $117.38 and a 200-day moving average of $103.98.

Analyst Ratings Changes

A number of equities analysts recently commented on TTD shares. Wedbush lifted their target price on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wells Fargo & Company assumed coverage on Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price objective on the stock. Robert W. Baird increased their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Loop Capital lifted their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC boosted their price objective 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.66.

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.