Trade Desk (NASDAQ:TTD) Price Target Raised to $160.00

Trade Desk (NASDAQ:TTD - Get Free Report) had its price objective boosted by research analysts at BMO Capital Markets from $125.00 to $160.00 in a report released on Wednesday, MarketBeat Ratings reports. The brokerage presently has an "outperform" rating on the technology company's stock. BMO Capital Markets' target price indicates a potential upside of 33.69% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson boosted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Cantor Fitzgerald restated a "neutral" rating and set a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. Wells Fargo & Company lifted their price target on Trade Desk from $141.00 to $142.00 and gave the stock an "overweight" rating in a research report on Monday. Macquarie upped their price objective on Trade Desk from $133.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Finally, Evercore ISI increased their price target on Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.55.

Trade Desk Stock Performance

NASDAQ:TTD traded up $2.92 during trading hours on Wednesday, reaching $119.68. The stock had a trading volume of 3,689,523 shares, compared to its average volume of 3,058,441. The stock has a market capitalization of $59.07 billion, a PE ratio of 196.20, a PEG ratio of 6.00 and a beta of 1.45. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53. The company has a 50 day moving average price of $126.65 and a two-hundred day moving average price of $112.40.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of the business's stock in a transaction dated Tuesday, January 7th. The shares were 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 in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction dated Monday, December 30th. The shares were 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 in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,086 shares of company stock worth $4,654,466 over the last 90 days. Company insiders own 9.72% of the company's stock.

Institutional Trading of Trade Desk

Hedge funds and other institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC increased its position in 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 buying an additional 100 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock valued at $41,000 after acquiring an additional 247 shares in the last quarter. Brown Lisle Cummings Inc. raised its position in shares of Trade Desk by 66.7% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. Quarry LP acquired a new stake in Trade Desk in the 2nd quarter worth approximately $41,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Trade Desk in the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

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.