Versant Capital Management Inc Boosts Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Versant Capital Management Inc lifted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 94.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 698 shares of the technology company’s stock after buying an additional 339 shares during the period. Versant Capital Management Inc’s holdings in Trade Desk were worth $82,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its stake in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares during the last quarter. Quarry LP bought a new position in Trade Desk in the second quarter valued at about $41,000. Brown Lisle Cummings Inc. lifted its holdings in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 150 shares during the period. JFS Wealth Advisors LLC boosted its position in 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 purchasing an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Trade Desk during the 3rd quarter valued at about $51,000. 67.77% of the stock is currently owned by institutional investors.

Insider Transactions at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $112.30, for a total transaction of $22,460,000.00. Following the sale, the chief executive officer now directly owns 87,979 shares of the company’s stock, valued at approximately $9,880,041.70. This trade represents a 69.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Laura Schenkein sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the sale, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 325,528 shares of company stock worth $37,031,290. Company insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TTD shares. Piper Sandler reiterated an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Truist Financial increased their price target on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. UBS Group boosted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Oppenheimer raised their target price on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Macquarie boosted their price target on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.14.

Trade Desk Trading Up 3.5 %

Shares of TTD stock opened at $121.84 on Friday. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $141.53. The business’s fifty day simple moving average is $126.56 and its 200-day simple moving average is $111.18. The company has a market cap of $60.14 billion, a PE ratio of 199.74, a PEG ratio of 6.00 and a beta of 1.45.

Trade Desk 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.