Oak Thistle LLC Invests $1.49 Million in The Trade Desk, Inc. (NASDAQ:TTD)

Oak Thistle LLC purchased a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,671 shares of the technology company's stock, valued at approximately $1,489,000.

Several other institutional investors also recently bought and sold shares of TTD. Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock worth $40,000 after buying an additional 100 shares during the last quarter. Quarry LP acquired a new stake in shares of Trade Desk in the second quarter worth approximately $41,000. Brown Lisle Cummings Inc. increased its position in shares of Trade Desk by 66.7% during the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company's stock worth $41,000 after purchasing an additional 150 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in 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 purchasing an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Trade Desk in the 3rd quarter valued at $51,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD stock traded up $2.92 during trading hours on Wednesday, reaching $119.68. 3,689,523 shares of the stock were exchanged, compared to its average volume of 3,058,441. The business's fifty day moving average is $126.65 and its two-hundred day moving average is $112.40. The firm has a market capitalization of $59.07 billion, a P/E ratio of 196.20, a P/E/G ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $141.53.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. 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. Insiders own 9.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTD. BMO Capital Markets increased their target price on shares of Trade Desk from $125.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday. Wolfe Research raised their target price on shares of Trade Desk from $140.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Susquehanna restated a "positive" rating and issued a $150.00 price target on shares of Trade Desk in a research report on Thursday, November 21st. BTIG Research lifted their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Benchmark restated a "sell" rating and issued a $57.00 target price on shares of Trade Desk in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $132.55.

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.