Trade Desk (NASDAQ:TTD) Price Target Raised to $160.00 at BMO Capital Markets

Trade Desk (NASDAQ:TTD) had its price target boosted by BMO Capital Markets from $125.00 to $160.00 in a research note released on Wednesday, Marketbeat reports. BMO Capital Markets currently has an outperform rating on the technology company’s stock.

Several other analysts have also recently commented on the stock. Morgan Stanley lifted their target price on shares of Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday. DA Davidson upped their target price on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Citigroup raised their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada upped their price objective on shares of Trade Desk from $136.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Wedbush raised their target price on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.55.

Trade Desk Price Performance

Trade Desk stock opened at $119.68 on Wednesday. The stock has a market capitalization of $59.07 billion, a P/E ratio of 196.20, a P/E/G ratio of 3.76 and a beta of 1.45. Trade Desk has a 12-month low of $61.47 and a 12-month high of $141.53. The firm’s 50-day moving average is $126.55 and its two-hundred day moving average is $112.46.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $117.89, for a total value 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 approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,086 shares of company stock worth $4,654,466 in the last three months. 9.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TTD. Ithaka Group LLC boosted its holdings in shares of Trade Desk by 4.5% during the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after acquiring an additional 4,836 shares during the period. Venture Visionary Partners LLC boosted its stake in Trade Desk by 33.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after purchasing an additional 4,296 shares during the period. Nordea Investment Management AB increased its stake in shares of Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after purchasing an additional 358,350 shares during the period. Assetmark Inc. raised its holdings in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after buying an additional 70,687 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after buying an additional 4,500 shares during the period. 67.77% of the stock is currently owned by 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.