Trade Desk (NASDAQ:TTD) Price Target Raised to $145.00 at Morgan Stanley

Trade Desk (NASDAQ:TTD) had its price target increased by Morgan Stanley from $130.00 to $145.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday. Citigroup boosted their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wolfe Research raised their price target on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Oppenheimer boosted their price objective on Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Royal Bank of Canada raised their target price on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Trade Desk Price Performance

Trade Desk stock opened at $117.89 on Monday. The firm has a market capitalization of $58.19 billion, a price-to-earnings ratio of 193.26, a PEG ratio of 6.00 and a beta of 1.45. The company’s 50 day simple moving average is $126.72 and its 200 day simple moving average is $112.13. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $141.53.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction that occurred 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 transaction, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,086 shares of company stock worth $4,654,466. Insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Several institutional investors have recently added to or reduced their stakes in TTD. CAP Partners LLC increased its holdings in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after purchasing an additional 86 shares during the period. RMR Wealth Builders grew its position in Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after buying an additional 89 shares in the last quarter. Allworth Financial LP increased its stake in Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after acquiring an additional 97 shares during the period. Parisi Gray Wealth Management raised its holdings in Trade Desk by 2.2% in the 4th quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock valued at $533,000 after acquiring an additional 99 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the period. 67.77% of the stock is currently owned by institutional investors.

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.