GAMMA Investing LLC Buys 196 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

GAMMA Investing LLC raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,313 shares of the technology company’s stock after buying an additional 196 shares during the period. GAMMA Investing LLC’s holdings in Trade Desk were worth $272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. CAP Partners LLC boosted its position in Trade Desk by 1.4% during the third 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 during the last quarter. Allworth Financial LP boosted its position in shares of Trade Desk by 2.7% during the 3rd 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 in the last quarter. Avior Wealth Management LLC grew its stake in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the period. Advisory Resource Group increased its holdings in Trade Desk by 1.0% in the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 101 shares in the last quarter. Finally, HM Payson & Co. lifted its stake in Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after buying an additional 102 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The shares were 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 of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was 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 $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is owned by corporate insiders.

Trade Desk Stock Down 4.1 %

Trade Desk stock opened at $121.41 on Wednesday. The firm has a 50 day moving average price of $126.71 and a 200-day moving average price of $111.63. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53. The company has a market capitalization of $59.92 billion, a P/E ratio of 199.03, a P/E/G ratio of 6.00 and a beta of 1.45.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Scotiabank began coverage on shares of Trade Desk in a research report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 target price on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Oppenheimer raised their target price on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. BTIG Research upped their price target on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus boosted their price objective on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. One research 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. Based on data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average price target of $129.48.

Trade Desk 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.