Trade Desk (NASDAQ:TTD) Given Sell Rating at Benchmark

Benchmark reiterated their sell rating on shares of Trade Desk (NASDAQ:TTD) in a research note published on Friday morning,Benzinga reports. They currently have a $57.00 target price on the technology company’s stock.

A number of other equities analysts also recently commented on TTD. Moffett Nathanson assumed coverage on Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 target price for the company. Wolfe Research started coverage on shares of Trade Desk in a report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective for the company. StockNews.com raised shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Piper Sandler reissued an “overweight” rating and issued a $140.00 price target (up from $110.00) on shares of Trade Desk in a research note on Friday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $122.65.

Trade Desk Price Performance

NASDAQ TTD opened at $129.34 on Friday. Trade Desk has a 1 year low of $61.47 and a 1 year high of $132.65. The stock has a market capitalization of $63.58 billion, a PE ratio of 212.03, a PEG ratio of 6.02 and a beta of 1.47. The business’s 50-day moving average is $113.32 and its 200 day moving average is $101.59.

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 value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk 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 sale, the director now owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now owns 3,516 shares of the company’s stock, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,557,897 shares of company stock worth $170,121,565. Company insiders own 9.72% of the company’s stock.

Institutional Trading of Trade Desk

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at $30,000. Avior Wealth Management LLC lifted its position in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the period. Brown Lisle Cummings Inc. increased its position in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. Finally, EdgeRock Capital LLC purchased a new position in shares of Trade Desk during the 2nd quarter valued at about $37,000. 67.77% of the stock is owned by hedge funds and other 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.