Connective Portfolio Management LLC Purchases New Stake in The Trade Desk, Inc. (NASDAQ:TTD)

Connective Portfolio Management LLC bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the technology company's stock, valued at approximately $588,000.

Several other institutional investors have also recently bought and sold shares of TTD. Avior Wealth Management LLC boosted its holdings in shares of Trade Desk by 37.7% in 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 during the last quarter. Quarry LP bought a new stake in shares of Trade Desk in the 2nd quarter valued at about $41,000. Brown Lisle Cummings Inc. lifted 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 valued at $41,000 after purchasing an additional 150 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company's stock worth $41,000 after purchasing an additional 247 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in Trade Desk in the third quarter valued at approximately $51,000. Institutional investors own 67.77% of the company's stock.

Insider Activity

In other Trade Desk news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction on 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 sale, the chief executive officer now directly owns 704,229 shares of the company's stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is currently owned by insiders.

Trade Desk Trading Up 1.7 %

NASDAQ:TTD traded up $2.05 on Thursday, reaching $121.73. 1,660,637 shares of the stock traded hands, compared to its average volume of 2,910,326. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53. The company's 50 day moving average is $126.55 and its 200-day moving average is $112.46. The firm has a market capitalization of $60.08 billion, a price-to-earnings ratio of 199.56, a price-to-earnings-growth ratio of 3.76 and a beta of 1.45.

Analysts Set New Price Targets

A number of research firms recently weighed in on TTD. Morgan Stanley increased their price target on Trade Desk from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday. Macquarie raised their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Wedbush upped their target price on Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Evercore ISI raised their target price on Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, Oppenheimer upped their price objective on Trade Desk from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, Trade Desk currently has an average rating of "Moderate Buy" and a consensus price target of $132.55.

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.