Trade Desk (NASDAQ:TTD) Price Target Raised to $145.00 at Wedbush

Trade Desk (NASDAQ:TTD) had its price objective lifted by Wedbush from $135.00 to $145.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

TTD has been the subject of a number of other reports. Wells Fargo & Company assumed coverage on Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 price objective for the company. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and increased their price target for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Robert W. Baird boosted their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Benchmark reaffirmed a “sell” rating and set a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. Finally, Truist Financial boosted their price target on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. One investment 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.48.

Trade Desk Stock Performance

Trade Desk stock opened at $126.58 on Monday. Trade Desk has a fifty-two week low of $61.47 and a fifty-two week high of $141.53. The firm’s fifty day moving average price is $126.71 and its 200-day moving average price is $111.47. The stock has a market cap of $62.48 billion, a P/E ratio of 207.51, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 80,649 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total transaction of $9,314,959.50. Following the completion of the transaction, the chief executive officer now directly owns 7,330 shares in the company, valued at $846,615. This trade represents a 91.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,528 shares of company stock valued at $14,571,290 in the last three months. 9.72% of the stock is currently owned by company insiders.

Institutional Trading of Trade Desk

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after purchasing an additional 358,350 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Trade Desk during the fourth quarter valued at $1,328,000. GAMMA Investing LLC boosted its position in shares of Trade Desk by 9.3% during the fourth quarter. GAMMA Investing LLC now owns 2,313 shares of the technology company’s stock valued at $272,000 after buying an additional 196 shares during the last quarter. Versant Capital Management Inc increased its holdings in Trade Desk by 94.4% in the 4th quarter. Versant Capital Management Inc now owns 698 shares of the technology company’s stock worth $82,000 after buying an additional 339 shares in the last quarter. Finally, Independent Solutions Wealth Management LLC raised its position in Trade Desk by 21.0% in the 3rd quarter. Independent Solutions Wealth Management LLC now owns 64,358 shares of the technology company’s stock worth $7,057,000 after buying an additional 11,181 shares during the last quarter. 67.77% of the stock is currently owned by 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.