Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells 18,524 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Trade Desk Price Performance

TTD stock opened at $117.73 on Friday. The business has a 50-day moving average of $126.51 and a 200-day moving average of $110.93. 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 capitalization of $58.11 billion, a P/E ratio of 193.00, a P/E/G ratio of 6.00 and a beta of 1.43.

Hedge Funds Weigh In On Trade Desk

Large investors have recently bought and sold shares of the company. CAP Partners LLC grew its holdings in shares of Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after acquiring an additional 86 shares in the last quarter. Allworth Financial LP boosted its position in Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after purchasing an additional 97 shares during the last quarter. Avior Wealth Management LLC boosted its position in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. Advisory Resource Group grew its stake in Trade Desk by 1.0% in the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 101 shares in the last quarter. Finally, HM Payson & Co. increased its position in shares of Trade Desk by 1.0% during the 3rd quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after purchasing an additional 102 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Macquarie boosted their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Loop Capital increased their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. Truist Financial lifted their target price on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Benchmark reissued a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average price target of $127.07.

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.