Trade Desk (NASDAQ:TTD) Price Target Raised to $155.00

Trade Desk (NASDAQ:TTD) had its price target increased by Truist Financial from $135.00 to $155.00 in a research report sent to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also recently commented on TTD. Stifel Nicolaus lifted their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Macquarie boosted their price objective on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Citigroup raised their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Benchmark reissued a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. Finally, Oppenheimer increased their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.07.

Trade Desk Stock Down 1.3 %

Shares of NASDAQ:TTD opened at $126.23 on Tuesday. Trade Desk has a 12 month low of $61.47 and a 12 month high of $141.53. The firm has a market cap of $62.30 billion, a P/E ratio of 206.93, a P/E/G ratio of 6.00 and a beta of 1.43. The company’s 50-day moving average price is $125.66 and its two-hundred day moving average price is $108.98.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the transaction, the chief executive officer now owns 7,330 shares of the company’s stock, valued at $846,615. The trade was a 91.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 928,938 shares of company stock worth $103,640,054. Corporate 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 acquired a new stake in shares of Trade Desk in the second quarter valued at approximately $30,000. EdgeRock Capital LLC bought a new stake in Trade Desk in the 2nd quarter valued at $37,000. Avior Wealth Management LLC lifted its holdings 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 purchasing an additional 100 shares during the last quarter. Quarry LP bought a new position in Trade Desk during the second quarter worth $41,000. Finally, Brown Lisle Cummings Inc. increased its holdings 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 valued at $41,000 after purchasing an additional 150 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

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.