Trade Desk (NASDAQ:TTD) Receives Positive Rating from Susquehanna

Susquehanna reissued their positive rating on shares of Trade Desk (NASDAQ:TTD) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $150.00 price objective on the technology company’s stock.

TTD has been the subject of several other research reports. UBS Group upped their target price on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Needham & Company LLC raised their price objective on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Robert W. Baird boosted their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus upped their target price on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Finally, Evercore ISI raised Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Trade Desk Stock Up 2.7 %

Shares of TTD opened at $127.27 on Thursday. The company has a market capitalization of $62.82 billion, a price-to-earnings ratio of 208.65, a price-to-earnings-growth ratio of 5.41 and a beta of 1.47. Trade Desk has a 52-week low of $61.47 and a 52-week high of $132.65. The stock has a 50 day moving average price of $116.45 and a 200 day moving average price of $103.32.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the firm’s 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares in the company, valued at $3,269,019. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,412,367 shares of company stock worth $155,067,356. Corporate insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Edgewood Management LLC raised its stake in Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after buying an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after buying an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Trade Desk by 10,856.6% during the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock valued at $172,460,000 after buying an additional 1,558,465 shares during the period. Finally, Marshall Wace LLP boosted its position in Trade Desk by 100.2% during the second 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 last quarter. 67.77% of the stock is owned by hedge funds and other 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.