The Trade Desk, Inc. (NASDAQ:TTD) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 2,461.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,559 shares of the technology company's stock after acquiring an additional 70,687 shares during the quarter. Assetmark Inc.'s holdings in Trade Desk were worth $8,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new stake in Trade Desk during the 2nd quarter worth approximately $30,000. EdgeRock Capital LLC acquired a new position in Trade Desk in the second quarter worth $37,000. Quarry LP bought a new stake in shares of Trade Desk during the second quarter valued at about $41,000. Brown Lisle Cummings Inc. raised its holdings in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock worth $41,000 after buying an additional 150 shares during the period. Finally, JFS Wealth Advisors LLC grew its stake in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock valued at $41,000 after buying an additional 247 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Transactions at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,606 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $100.07, for a total value of $160,712.42. Following the transaction, the director now owns 3,516 shares of the company's stock, valued at approximately $351,846.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Trade Desk news, CFO Laura Schenkein sold 3,130 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $99.33, for a total value of $310,902.90. Following the completion of the sale, the chief financial officer now owns 693,953 shares in the company, valued at approximately $68,930,351.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,606 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the completion of the sale, the director now directly owns 3,516 shares in the company, valued at approximately $351,846.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,557,897 shares of company stock worth $170,121,565 in the last 90 days. 9.72% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TTD has been the topic of several analyst reports. StockNews.com raised Trade Desk from a "hold" rating to a "buy" rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. Moffett Nathanson started coverage on Trade Desk in a research report on Monday, September 23rd. They issued a "neutral" rating and a $100.00 target price for the company. Citigroup boosted their target price on Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, DA Davidson upped their price objective on Trade Desk from $108.00 to $134.00 and gave the company a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $122.65.

Trade Desk Trading Up 1.4 %

Trade Desk stock traded up $1.86 during midday trading on Tuesday, reaching $131.20. 3,238,177 shares of the stock traded hands, compared to its average volume of 3,829,287. The firm has a fifty day moving average price of $113.32 and a two-hundred day moving average price of $101.59. The firm has a market cap of $64.50 billion, a price-to-earnings ratio of 212.03, a PEG ratio of 6.02 and a beta of 1.47. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

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.