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

Trade Desk (NASDAQ:TTD) had its price objective hoisted by research analysts at KeyCorp from $130.00 to $140.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target points to a potential upside of 16.85% from the company’s previous close.

Several other brokerages have also recently commented on TTD. Stifel Nicolaus boosted their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Wedbush raised their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Wolfe Research boosted their price target on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Royal Bank of Canada upped their target price on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.83.

Trade Desk Trading Down 1.4 %

NASDAQ:TTD opened at $119.81 on Friday. The stock has a market cap of $59.14 billion, a price-to-earnings ratio of 196.41, a PEG ratio of 6.00 and a beta of 1.45. The stock has a 50-day moving average price of $126.70 and a two-hundred day moving average price of $111.70. Trade Desk has a 1 year low of $61.47 and a 1 year high of $141.53.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Watts Gwilliam & Co. LLC increased its stake in shares of Trade Desk by 3.3% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 31,259 shares of the technology company’s stock valued at $3,795,000 after buying an additional 1,000 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV bought a new stake in Trade Desk in the 4th quarter valued at approximately $235,000. First Hawaiian Bank grew its stake in shares of Trade Desk by 43.1% in the fourth quarter. First Hawaiian Bank now owns 33,955 shares of the technology company’s stock valued at $3,991,000 after buying an additional 10,225 shares in the last quarter. Fulton Bank N.A. raised its stake in Trade Desk by 0.8% in the fourth quarter. Fulton Bank N.A. now owns 18,986 shares of the technology company’s stock valued at $2,231,000 after buying an additional 145 shares during the period. Finally, Westwind Capital bought a new position in shares of Trade Desk in the fourth quarter valued at about $15,642,000. 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.