12,671 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Oak Thistle LLC

Oak Thistle LLC purchased a new position in The Trade Desk, Inc. (NASDAQ:TTDFree Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 12,671 shares of the technology company’s stock, valued at approximately $1,489,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CAP Partners LLC lifted its holdings in shares of Trade Desk by 1.4% in 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 during the period. RMR Wealth Builders grew its holdings in Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 89 shares during the period. Allworth Financial LP raised 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 in the last quarter. Parisi Gray Wealth Management lifted its holdings in Trade Desk by 2.2% in the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock valued at $533,000 after acquiring an additional 99 shares during the period. Finally, Avior Wealth Management LLC boosted its position in 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 purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $116.76 on Wednesday. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53. The stock has a market cap of $57.63 billion, a P/E ratio of 191.41, a P/E/G ratio of 6.00 and a beta of 1.45. The stock’s 50 day simple moving average is $126.71 and its 200-day simple moving average is $112.27.

Wall Street Analysts Forecast Growth

TTD has been the subject of several recent research reports. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their target price for the company from $85.00 to $115.00 in a report on Monday, November 25th. StockNews.com downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Benchmark restated a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. Finally, Needham & Company LLC upped their price target on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Get Our Latest Report on TTD

Insider Buying and Selling

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,086 shares of company stock worth $4,654,466. 9.72% of the stock is owned by corporate insiders.

Trade Desk Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk, Inc. (NASDAQ:TTDFree Report).

Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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