Trade Desk (NASDAQ:TTD) Stock Price Up 6.7% After Analyst Upgrade

The Trade Desk, Inc. (NASDAQ:TTD) shares shot up 6.7% on Monday after KeyCorp raised their price target on the stock from $140.00 to $142.00. KeyCorp currently has an overweight rating on the stock. Trade Desk traded as high as $123.98 and last traded at $125.17. 1,483,959 shares changed hands during trading, a decline of 58% from the average session volume of 3,561,959 shares. The stock had previously closed at $117.29.

Several other analysts have also issued reports on the stock. Wells Fargo & Company raised their price target on shares of Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Wedbush boosted their price objective on Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. DA Davidson lifted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Loop Capital boosted their price target on Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, UBS Group increased their price objective on 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 assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.20.

Insiders Place Their Bets

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s 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 transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,029 shares of company stock worth $5,004,296. 9.72% of the stock is owned by corporate insiders.

Institutional Trading of Trade Desk

Hedge funds and other institutional investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Trade Desk by 258.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,405 shares of the technology company’s stock worth $373,000 after buying an additional 2,456 shares during the period. Annex Advisory Services LLC purchased a new position in shares of Trade Desk in the third quarter valued at $210,000. Koshinski Asset Management Inc. purchased a new stake in shares of Trade Desk in the third quarter valued at about $213,000. Compagnie Lombard Odier SCmA increased its position in Trade Desk by 6.2% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,123 shares of the technology company’s stock worth $233,000 after buying an additional 123 shares in the last quarter. Finally, Creative Planning increased its position in Trade Desk by 10.6% during the 3rd quarter. Creative Planning now owns 129,599 shares of the technology company’s stock worth $14,211,000 after purchasing an additional 12,384 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Stock Up 4.5 %

The firm’s 50 day moving average is $123.92 and its 200-day moving average is $115.30. The firm has a market cap of $60.48 billion, a PE ratio of 200.89, a P/E/G ratio of 3.63 and a beta of 1.45.

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.