Townsquare Capital LLC Has $865,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Townsquare Capital LLC lifted its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 82.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,887 shares of the technology company’s stock after buying an additional 3,574 shares during the quarter. Townsquare Capital LLC’s holdings in Trade Desk were worth $865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in Trade Desk in the 2nd quarter valued at $30,000. EdgeRock Capital LLC bought a new position in Trade Desk during the second quarter worth about $37,000. Avior Wealth Management LLC raised its stake in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Quarry LP bought a new stake in Trade Desk in the 2nd quarter valued at about $41,000. Finally, Brown Lisle Cummings Inc. increased its holdings in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the period. Institutional investors own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of several recent research reports. Truist Financial boosted their price target on Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Loop Capital increased their target price on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wells Fargo & Company assumed coverage on shares of Trade Desk in a research report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective for the company. Evercore ISI raised their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Stifel Nicolaus boosted their target price on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $124.66.

Insider Transactions at Trade Desk

In other Trade Desk news, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at approximately $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at approximately $83,764,254.60. This trade represents a 20.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Company insiders own 9.72% of the company’s stock.

Trade Desk Trading Up 5.1 %

NASDAQ TTD opened at $135.16 on Tuesday. The firm has a market capitalization of $66.71 billion, a PE ratio of 221.57, a price-to-earnings-growth ratio of 5.83 and a beta of 1.47. The business’s 50-day moving average price is $119.99 and its two-hundred day moving average price is $105.70. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $136.14.

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.