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 note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

A number of other brokerages have also recently commented on TTD. UBS Group upped their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Scotiabank began coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $135.00 target price on shares of Trade Desk in a research report on Thursday, December 19th. Evercore ISI boosted their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird upped their price target on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.14.

Trade Desk Trading Up 3.5 %

NASDAQ:TTD opened at $121.84 on Friday. Trade Desk has a 12 month low of $61.47 and a 12 month high of $141.53. The firm’s 50 day moving average is $126.56 and its 200 day moving average is $111.26. The stock 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.

Insider Buying and Selling at Trade Desk

In other news, CFO Laura Schenkein sold 25,000 shares of the business’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 directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. The trade was a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,528 shares of company stock worth $14,571,290 over the last 90 days. Corporate insiders own 9.72% of the company’s stock.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently bought and sold shares of the stock. Avior Wealth Management LLC boosted its position in Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares during the period. JFS Wealth Advisors LLC boosted 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 purchasing an additional 247 shares during the period. Brown Lisle Cummings Inc. grew its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Quarry LP purchased a new position in Trade Desk during the 2nd quarter valued at about $41,000. Finally, Brown Brothers Harriman & Co. bought a new position in Trade Desk during the 3rd quarter valued at approximately $51,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

About Trade Desk

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.