Morgan Stanley Issues Positive Forecast for Trade Desk (NASDAQ:TTD) Stock Price

Trade Desk (NASDAQ:TTD) had its price objective increased by Morgan Stanley from $130.00 to $145.00 in a report issued on Monday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other equities analysts also recently commented on TTD. Stifel Nicolaus increased their target price on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Robert W. Baird raised their target price on shares of Trade Desk from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. KeyCorp lifted their price objective on Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Macquarie boosted their price objective on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Trade Desk Stock Down 0.8 %

TTD stock opened at $117.89 on Monday. The firm has a 50 day moving average of $126.72 and a two-hundred day moving average of $112.13. Trade Desk has a 12 month low of $61.47 and a 12 month high of $141.53. The company has a market capitalization of $58.19 billion, a price-to-earnings ratio of 193.26, a P/E/G ratio of 6.00 and a beta of 1.45.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,086 shares of company stock worth $4,654,466 in the last three months. Insiders own 9.72% of the company’s stock.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently added to or reduced their stakes in the company. Grandview Asset Management LLC lifted its position in Trade Desk by 15.0% during the 4th quarter. Grandview Asset Management LLC now owns 5,199 shares of the technology company’s stock valued at $611,000 after purchasing an additional 679 shares during the period. Parisi Gray Wealth Management lifted its holdings in Trade Desk by 2.2% in the fourth quarter. Parisi Gray Wealth Management now owns 4,534 shares of the technology company’s stock valued at $533,000 after buying an additional 99 shares during the period. Moody National Bank Trust Division bought a new position in Trade Desk in the fourth quarter valued at approximately $985,000. Wedmont Private Capital boosted its stake in Trade Desk by 3.9% in the fourth quarter. Wedmont Private Capital now owns 3,781 shares of the technology company’s stock valued at $449,000 after acquiring an additional 143 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Trade Desk during the 4th quarter valued at $1,237,000. 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.