Pathstone Holdings LLC Purchases 2,263 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Pathstone Holdings LLC boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,284 shares of the technology company’s stock after acquiring an additional 2,263 shares during the period. Pathstone Holdings LLC’s holdings in Trade Desk were worth $2,005,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CAP Partners LLC increased its position 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 acquiring an additional 86 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Trade Desk by 2.7% in the third 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. Apella Capital LLC boosted its position in shares of Trade Desk by 1.9% during the second quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after buying an additional 100 shares during the last quarter. HM Payson & Co. boosted its position in shares of Trade Desk by 1.0% during 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 last quarter. Finally, Wealth Alliance grew its holdings in Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock worth $1,810,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Loop Capital lifted their price objective on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Oppenheimer lifted their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Robert W. Baird upped their target price on Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, UBS Group lifted their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average price target of $124.66.

Trade Desk Trading Down 0.3 %

Trade Desk stock opened at $128.98 on Wednesday. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The firm has a market capitalization of $63.66 billion, a PE ratio of 211.44, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The firm’s 50 day simple moving average is $117.86 and its 200 day simple moving average is $104.26.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the company’s 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 transaction, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the sale, the insider now owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,128,938 shares of company stock valued at $125,534,054. 9.72% of the stock is currently owned by company insiders.

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.