National Bank of Canada FI Buys 48,630 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

National Bank of Canada FI grew its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 107.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,699 shares of the technology company's stock after buying an additional 48,630 shares during the period. National Bank of Canada FI's holdings in Trade Desk were worth $10,274,000 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. Baillie Gifford & Co. lifted its stake in Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company's stock worth $4,245,218,000 after purchasing an additional 1,720,650 shares during the last quarter. Jennison Associates LLC grew its holdings in Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company's stock worth $2,228,172,000 after acquiring an additional 2,013,047 shares in the last quarter. Edgewood Management LLC increased its position in Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company's stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares during the period. 1832 Asset Management L.P. lifted its position in shares of Trade Desk by 10.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company's stock worth $278,623,000 after purchasing an additional 270,800 shares during the period. Finally, FMR LLC lifted its holdings in Trade Desk by 1.3% during the third quarter. FMR LLC now owns 2,616,203 shares of the technology company's stock worth $286,867,000 after buying an additional 32,999 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares in the company, valued at $3,269,019. This trade represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jay R. Grant sold 20,579 shares of the business's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now directly owns 178,853 shares of the company's stock, valued at $19,432,378.45. This represents a 10.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,128,938 shares of company stock worth $125,534,054. Insiders own 9.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTD. Loop Capital boosted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. DA Davidson upped their target price on Trade Desk from $108.00 to $134.00 and gave the company a "buy" rating in a research report on Monday, November 11th. BTIG Research upped their price target on shares of Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. UBS Group raised their target price on Trade Desk from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Robert W. Baird lifted their price target on Trade Desk from $130.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $124.94.

Trade Desk Stock Up 1.1 %

NASDAQ TTD traded up $1.44 on Wednesday, reaching $134.10. The company had a trading volume of 2,742,509 shares, compared to its average volume of 3,840,274. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $141.53. The stock's 50 day moving average is $123.25 and its 200-day moving average is $107.47. The stock has a market cap of $66.19 billion, a price-to-earnings ratio of 219.85, a PEG ratio of 6.30 and a beta of 1.43.

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.