The Trade Desk, Inc. (NASDAQ:TTD) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 4.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 437,506 shares of the technology company's stock after purchasing an additional 17,533 shares during the quarter. Natixis Advisors LLC owned about 0.09% of Trade Desk worth $47,973,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TTD. Blair William & Co. IL grew its stake in Trade Desk by 61.2% during the 1st quarter. Blair William & Co. IL now owns 15,525 shares of the technology company's stock worth $1,357,000 after buying an additional 5,893 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Trade Desk by 99.4% in the 1st quarter. Acadian Asset Management LLC now owns 11,022 shares of the technology company's stock valued at $962,000 after acquiring an additional 5,495 shares during the period. Hillsdale Investment Management Inc. raised its position in Trade Desk by 4,333.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 7,980 shares of the technology company's stock valued at $698,000 after purchasing an additional 7,800 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Trade Desk by 19.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 32,095 shares of the technology company's stock worth $2,806,000 after purchasing an additional 5,325 shares during the period. Finally, Seven Eight Capital LP acquired a new position in Trade Desk in the first quarter valued at $1,404,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTD has been the subject of several analyst reports. BTIG Research upped their price objective on Trade Desk from $114.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Citigroup increased their price target on Trade Desk from $115.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Oppenheimer upped their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Morgan Stanley lifted their target price on shares of Trade Desk from $100.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, July 23rd. Finally, Piper Sandler reissued an "overweight" rating and set a $140.00 price target (up from $110.00) on shares of Trade Desk in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $122.65.

Trade Desk Stock Down 0.8 %

Shares of TTD traded down $0.89 during mid-day trading on Monday, hitting $117.26. The company had a trading volume of 4,681,237 shares, compared to its average volume of 3,835,721. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65. The business's 50-day simple moving average is $115.25 and its 200-day simple moving average is $102.75. The stock has a market cap of $57.64 billion, a PE ratio of 193.69, a P/E/G ratio of 5.35 and a beta of 1.47.

Insider Buying and Selling at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of the company's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total transaction of $2,885,750.00. Following the completion of the sale, the chief financial officer now directly owns 693,953 shares of the company's stock, valued at approximately $80,102,994.79. This represents a 3.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 135,922 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84. Following the completion of the transaction, the chief executive officer now directly owns 664,261 shares in the company, valued at $68,897,150.92. This trade represents a 16.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,289 shares of company stock worth $169,165,185 in the last quarter. 9.72% of the stock is owned by insiders.

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.