Oddo BHF Asset Management Sas Buys New Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Oddo BHF Asset Management Sas bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 103,017 shares of the technology company's stock, valued at approximately $11,296,000.

Several other hedge funds also recently modified their holdings of TTD. Transcendent Capital Group LLC purchased a new position in shares of Trade Desk in the second quarter worth about $30,000. EdgeRock Capital LLC bought a new position in shares of Trade Desk in the second quarter worth $37,000. Avior Wealth Management LLC raised its stake in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock valued at $40,000 after purchasing an additional 100 shares during the period. Quarry LP purchased a new stake in Trade Desk during the 2nd quarter worth about $41,000. Finally, Brown Lisle Cummings Inc. boosted its stake in Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 200,000 shares of the firm's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00. Following the sale, the chief executive officer now directly owns 565,180 shares in the company, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the completion of the transaction, the insider now directly owns 178,853 shares in the company, valued at approximately $19,432,378.45. The trade was a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock worth $125,534,054 in the last ninety days. 9.72% of the stock is owned by company insiders.

Trade Desk Price Performance

Shares of TTD traded down $1.15 during mid-day trading on Friday, reaching $132.42. 3,166,156 shares of the company's stock traded hands, compared to its average volume of 3,832,597. The Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53. The stock has a market cap of $65.36 billion, a P/E ratio of 218.97, a P/E/G ratio of 6.08 and a beta of 1.43. The stock's 50-day moving average is $124.20 and its two-hundred day moving average is $107.84.

Analyst Ratings Changes

TTD has been the topic of several recent research reports. Citigroup raised their price target on Trade Desk from $115.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Piper Sandler reissued an "overweight" rating and issued a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Moffett Nathanson assumed coverage on shares of Trade Desk in a research report on Monday, September 23rd. They issued a "neutral" rating and a $100.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Trade Desk in a report on Monday, October 28th. They set an "overweight" rating and a $150.00 target price for the company. Finally, Loop Capital upped their price target on Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and an average price target of $124.94.

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.