Kovack Advisors Inc. Takes $201,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Kovack Advisors Inc. bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,834 shares of the technology company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTD. Baillie Gifford & Co. grew its stake in shares of Trade Desk by 4.7% in the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after buying an additional 270,800 shares during the period. Jericho Capital Asset Management L.P. increased its stake in Trade Desk by 4.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock valued at $211,500,000 after buying an additional 100,000 shares during the period. Marshall Wace LLP lifted its stake in shares of Trade Desk by 100.2% in the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Trade Desk by 12.3% in the second quarter. Victory Capital Management Inc. now owns 1,629,478 shares of the technology company’s stock valued at $159,151,000 after acquiring an additional 177,832 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction 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 sale, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. This trade represents a 42.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,548,289 shares of company stock worth $169,165,185. 9.72% of the stock is owned by company insiders.

Trade Desk Stock Down 6.1 %

Shares of Trade Desk stock opened at $118.15 on Friday. The firm has a market cap of $58.08 billion, a PE ratio of 193.69, a P/E/G ratio of 6.07 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65. The business’s fifty day moving average is $115.25 and its two-hundred day moving average is $102.63.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on TTD shares. Wedbush raised their price objective on shares of Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. BTIG Research lifted their price target on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada increased their price objective on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. New Street Research lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 target price on the stock. in a research report on Tuesday, October 29th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $122.65.

Trade Desk 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.