Trade Desk (NASDAQ:TTD) Price Target Raised to $135.00

Trade Desk (NASDAQ:TTD) had its target price lifted by Evercore ISI from $110.00 to $135.00 in a report released on Thursday,Benzinga reports. Evercore ISI currently has an outperform rating on the technology company’s stock.

TTD has been the topic of a number of other research reports. BTIG Research upped their target price on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Susquehanna reaffirmed a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research report on Thursday. Stifel Nicolaus lifted their price target on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. Moffett Nathanson began coverage on shares of Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $123.66.

Trade Desk Stock Up 1.8 %

NASDAQ:TTD opened at $129.70 on Thursday. Trade Desk has a 52-week low of $61.47 and a 52-week high of $132.65. The firm has a market cap of $64.02 billion, a P/E ratio of 212.62, a PEG ratio of 5.77 and a beta of 1.47. The business’s 50-day moving average price is $117.38 and its 200 day moving average price is $103.75.

Insider Activity at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at $3,269,019. The trade was a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. This represents a 42.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,412,367 shares of company stock valued at $155,067,356 in the last ninety days. Insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TTD. Transcendent Capital Group LLC bought a new stake in Trade Desk during the 2nd quarter worth about $30,000. EdgeRock Capital LLC bought a new stake in shares of Trade Desk during the second quarter worth approximately $37,000. Avior Wealth Management LLC lifted its holdings in Trade Desk by 37.7% in the third 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. Quarry LP bought a new position in Trade Desk in the second quarter valued at approximately $41,000. Finally, Brown Lisle Cummings Inc. grew its holdings in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.