The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 276.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,237 shares of the technology company’s stock after purchasing an additional 51,603 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Trade Desk were worth $8,255,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Edgestream Partners L.P. grew its holdings in shares of Trade Desk by 130.8% in the 2nd quarter. Edgestream Partners L.P. now owns 8,636 shares of the technology company’s stock worth $843,000 after acquiring an additional 4,895 shares during the last quarter. Amalgamated Bank increased its stake in Trade Desk by 1.2% in the 2nd quarter. Amalgamated Bank now owns 29,871 shares of the technology company’s stock worth $2,918,000 after purchasing an additional 349 shares in the last quarter. Brighton Jones LLC raised its holdings in Trade Desk by 11.8% during the 2nd quarter. Brighton Jones LLC now owns 4,503 shares of the technology company’s stock worth $440,000 after buying an additional 474 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Trade Desk by 64.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 31,761 shares of the technology company’s stock valued at $3,102,000 after buying an additional 12,500 shares in the last quarter. Finally, Bridges Investment Management Inc. acquired a new position in shares of Trade Desk in the second quarter worth about $702,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now directly owns 169,464 shares in the company, valued at approximately $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TTD shares. BMO Capital Markets lifted their price target on Trade Desk from $125.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Wolfe Research lifted their target price on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and increased their price target for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Macquarie boosted their price objective on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, UBS Group increased their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.55.

Trade Desk Stock Up 3.0 %

Shares of TTD stock opened at $124.42 on Monday. The Trade Desk, Inc. has a 12 month low of $63.63 and a 12 month high of $141.53. The firm has a market cap of $61.41 billion, a PE ratio of 203.97, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45. The stock has a 50 day moving average of $126.30 and a 200-day moving average of $112.89.

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.