The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 21.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 64,358 shares of the technology company’s stock after buying an additional 11,181 shares during the quarter. Trade Desk accounts for about 1.6% of Independent Solutions Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding. Independent Solutions Wealth Management LLC’s holdings in Trade Desk were worth $7,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new stake in Trade Desk in the second quarter valued at $30,000. Avior Wealth Management LLC increased 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 acquiring an additional 100 shares in the last quarter. JFS Wealth Advisors LLC raised its position in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares during the last quarter. Brown Lisle Cummings Inc. lifted 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 in the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Trade Desk in the second quarter valued at approximately $37,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TTD shares. Bank of America started coverage on Trade Desk in a research report on Wednesday, September 4th. They issued a “buy” rating and a $135.00 price objective on the stock. Macquarie upped their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Scotiabank assumed coverage on Trade Desk in a report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. Robert W. Baird increased their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, UBS Group boosted their price target on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $127.07.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the sale, the chief executive officer now directly owns 565,180 shares in the company, valued at $61,423,762.40. This represents a 26.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock valued at $125,534,054 in the last three months. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Price Performance

TTD traded down $0.54 during trading on Thursday, reaching $127.39. 2,256,089 shares of the stock traded hands, compared to its average volume of 3,835,502. The stock’s 50-day simple moving average is $125.42 and its two-hundred day simple moving average is $108.85. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53. The stock has a market cap of $62.88 billion, a price-to-earnings ratio of 208.84, a price-to-earnings-growth ratio of 6.00 and a beta of 1.43.

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.