Trade Desk (NASDAQ:TTD) Price Target Raised to $142.00

Trade Desk (NASDAQ:TTD) had its target price upped by investment analysts at Wells Fargo & Company from $141.00 to $142.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 21.62% from the company’s current price.

TTD has been the topic of a number of other reports. Wedbush increased their price objective on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Needham & Company LLC upped their target price on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Wolfe Research upped their target price on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Oppenheimer upped their target price 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. Finally, Macquarie upped their target price on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. 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 stock. According to data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Trade Desk Trading Down 1.0 %

Shares of NASDAQ TTD opened at $116.76 on Monday. The stock has a market cap of $57.63 billion, a price-to-earnings ratio of 191.41, a PEG ratio of 6.00 and a beta of 1.45. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53. The company’s 50-day moving average price is $126.71 and its 200 day moving average price is $112.27.

Insider Buying and Selling at Trade Desk

In other 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 transaction of $159,740.95. Following the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction that occurred 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 in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,086 shares of company stock valued at $4,654,466 over the last ninety days. Corporate insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently made changes to their positions in TTD. BOKF NA increased its stake in Trade Desk by 1,110.8% during the second quarter. BOKF NA now owns 3,378 shares of the technology company’s stock valued at $330,000 after purchasing an additional 3,099 shares during the last quarter. Federated Hermes Inc. increased its stake in Trade Desk by 2,885.7% during the second quarter. Federated Hermes Inc. now owns 60,491 shares of the technology company’s stock valued at $5,908,000 after purchasing an additional 58,465 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in Trade Desk by 37.6% during the second quarter. Thoroughbred Financial Services LLC now owns 11,992 shares of the technology company’s stock valued at $1,171,000 after purchasing an additional 3,276 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in Trade Desk during the second quarter valued at $599,000. Finally, Envestnet Asset Management Inc. increased its stake in Trade Desk by 7.2% during the second quarter. Envestnet Asset Management Inc. now owns 676,933 shares of the technology company’s stock valued at $66,116,000 after purchasing an additional 45,627 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

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.