Trade Desk (NASDAQ:TTD) Stock Acquired Rep. James Comer

Posted by Defense World Staff on Jan 15th, 2025

Representative James Comer (R-Kentucky) recently bought shares of The Trade Desk, Inc. (NASDAQ:TTD). In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Trade Desk stock on January 2nd.

Representative James Comer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Amphenol (NYSE:APH) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 1/2/2025.
Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/2/2025.

Trade Desk Stock Performance

NASDAQ TTD opened at $116.76 on Wednesday. The stock has a market cap of $57.63 billion, a P/E ratio of 191.41, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. The stock has a 50 day simple moving average of $126.71 and a two-hundred day simple moving average of $112.27. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $140.00 price target (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. New Street Research upgraded shares of Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Susquehanna reaffirmed a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research report on Thursday, November 21st. Wedbush upped their price target on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Finally, Evercore ISI upped their price target on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Get Our Latest Research Report on Trade Desk

Insider Activity

In related news, insider Jay R. Grant sold 18,524 shares of Trade Desk 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 sale, the insider now owns 169,464 shares of the company’s stock, valued at $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the director now owns 28,636 shares in the company, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. 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 over the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Edgewood Management LLC grew its position in shares of Trade Desk by 133.3% in the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Trade Desk by 11.0% in the 3rd 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 in the last quarter. Baillie Gifford & Co. grew its stake 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 worth $4,245,218,000 after buying an additional 1,720,650 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Trade Desk by 10,856.6% in the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after acquiring an additional 1,558,465 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky’s 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky’s 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer “instrumental in the final passage of a five-year farm bill,” noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

About Trade Desk

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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.