Wolfe Research Issues Positive Forecast for Trade Desk (NASDAQ:TTD) Stock Price

Trade Desk (NASDAQ:TTD) had its target price lifted by Wolfe Research from $140.00 to $155.00 in a report released on Friday morning,Benzinga reports. Wolfe Research currently has an outperform rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the stock. Truist Financial boosted their price target on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Oppenheimer increased their target price on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Wedbush restated an “outperform” rating and set a $135.00 price target on shares of Trade Desk in a research report on Thursday, December 19th. Scotiabank started coverage on Trade Desk in a report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. Finally, New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and boosted their target price for the company from $85.00 to $115.00 in a report on Monday, November 25th. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.14.

Trade Desk Stock Up 3.5 %

Shares of Trade Desk stock opened at $121.84 on Friday. The business has a 50 day moving average of $126.56 and a 200 day moving average of $111.09. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53. The company has a market cap of $60.14 billion, a PE ratio of 199.74, a P/E/G ratio of 6.00 and a beta of 1.43.

Insiders Place Their Bets

In related news, CEO Jeffrey Terry Green sold 80,649 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the sale, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at approximately $846,615. This represents a 91.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, the insider now directly 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. Over the last ninety days, insiders have sold 325,528 shares of company stock worth $37,031,290. Company 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 modified their holdings of TTD. Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. Quarry LP purchased a new stake in Trade Desk during the 2nd quarter valued at approximately $41,000. Brown Lisle Cummings Inc. raised its position in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Trade Desk by 194.5% in the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Trade Desk during the third quarter worth $51,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

About Trade Desk

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.