Trade Desk (NASDAQ:TTD) Price Target Raised to $145.00 at Loop Capital

Trade Desk (NASDAQ:TTD) had its price objective lifted by Loop Capital from $120.00 to $145.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other analysts have also commented on TTD. Wells Fargo & Company began coverage on shares of Trade Desk in a research note on Monday, October 28th. They set an “overweight” rating and a $150.00 price target for the company. BTIG Research upped their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. DA Davidson lifted their price target on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, Robert W. Baird upped their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.65.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $125.88 on Monday. 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 $114.89 and a two-hundred day moving average price of $102.26. The stock has a market capitalization of $61.88 billion, a PE ratio of 206.36, a price-to-earnings-growth ratio of 6.25 and a beta of 1.47.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares in the company, valued at approximately $3,269,019. The trade was a 4.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. This represents a 42.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,548,289 shares of company stock valued at $169,165,185. 9.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TTD. Venture Visionary Partners LLC grew its stake in Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 4,296 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Trade Desk by 16.3% in the first quarter. Sei Investments Co. now owns 246,188 shares of the technology company’s stock worth $21,521,000 after purchasing an additional 34,520 shares during the period. Assetmark Inc. raised its position in shares of Trade Desk by 2,461.2% in the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after buying an additional 70,687 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Trade Desk by 5.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 93,984 shares of the technology company’s stock valued at $9,179,000 after buying an additional 5,148 shares during the period. Finally, Blair William & Co. IL grew its position in Trade Desk by 61.2% during the first quarter. Blair William & Co. IL now owns 15,525 shares of the technology company’s stock worth $1,357,000 after buying an additional 5,893 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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.