Analysts Set The Trade Desk, Inc. (NASDAQ:TTD) PT at $127.07

Shares of The Trade Desk, Inc. (NASDAQ:TTD) have been assigned an average recommendation of “Moderate Buy” from the thirty analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $127.07.

TTD has been the subject of several analyst reports. Truist Financial upped their target price on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. UBS Group increased their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Oppenheimer increased their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Scotiabank assumed coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th.

Trade Desk Price Performance

TTD stock opened at $123.96 on Friday. Trade Desk has a 1-year low of $61.47 and a 1-year high of $141.53. The business has a 50-day moving average price of $126.22 and a 200 day moving average price of $109.90. The company has a market capitalization of $61.18 billion, a P/E ratio of 203.21, a PEG ratio of 6.00 and a beta of 1.43.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on 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 sale, the director now 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 527,583 shares of company stock valued at $59,648,359 in the last ninety days. 9.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trade Desk

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edgewood Management LLC increased its stake in Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. Jennison Associates LLC lifted its holdings in Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after buying an additional 2,013,047 shares in the last quarter. Baillie Gifford & Co. boosted its position in Trade Desk by 4.7% in the 3rd 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 period. International Assets Investment Management LLC boosted its position in Trade Desk by 10,856.6% in the 3rd 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 grew its stake in Trade Desk by 100.2% in the 2nd 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 in the last quarter. 67.77% of the stock is owned by institutional investors.

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.