Loop Capital Boosts Trade Desk (NASDAQ:TTD) Price Target to $145.00

Trade Desk (NASDAQ:TTD) had its price objective increased by investment analysts at Loop Capital from $120.00 to $145.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Loop Capital’s target price suggests a potential upside of 10.52% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley raised their price objective on shares of Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Wells Fargo & Company began coverage on shares of Trade Desk in a research note on Monday, October 28th. They set an “overweight” rating and a $150.00 price target on the stock. Citigroup upped their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Truist Financial lifted their target price on Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Benchmark restated a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.65.

Trade Desk Stock Performance

TTD stock opened at $131.20 on Monday. The business’s 50-day moving average is $113.93 and its two-hundred day moving average is $101.92. The company has a market cap of $64.50 billion, a price-to-earnings ratio of 215.08, a P/E/G ratio of 6.02 and a beta of 1.47. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

Insider Transactions at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated 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 owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The stock was 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 approximately $3,375,898.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 283,429 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the completion of the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at approximately $39,682,694.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock worth $170,121,565 in the last three months. Insiders own 9.72% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TTD. Baillie Gifford & Co. boosted its holdings in Trade Desk by 4.7% during the 3rd quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after acquiring an additional 1,720,650 shares during the period. Jennison Associates LLC lifted its position in shares of Trade Desk by 11.0% during the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock worth $2,228,172,000 after purchasing an additional 2,013,047 shares during the last quarter. Edgewood Management LLC boosted its stake in shares of Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. 1832 Asset Management L.P. grew its holdings in shares of Trade Desk by 10.5% in the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock worth $278,623,000 after purchasing an additional 270,800 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. increased its stake in Trade Desk by 4.3% in the 1st quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after buying an additional 100,000 shares during the period. 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.