Sanctuary Advisors LLC Purchases 4,018 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Sanctuary Advisors LLC increased its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD - Free Report) by 9.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,165 shares of the technology company's stock after purchasing an additional 4,018 shares during the period. Sanctuary Advisors LLC's holdings in Trade Desk were worth $5,172,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC increased its position in Trade Desk by 357.9% during the third quarter. Anchor Investment Management LLC now owns 870 shares of the technology company's stock worth $95,000 after purchasing an additional 680 shares during the last quarter. Advisory Resource Group raised its stake in Trade Desk by 1.0% during the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company's stock worth $1,152,000 after acquiring an additional 101 shares during the period. Rehmann Capital Advisory Group bought a new stake in Trade Desk during the 3rd quarter valued at $208,000. Toronto Dominion Bank boosted its position in shares of Trade Desk by 27.2% during the 3rd quarter. Toronto Dominion Bank now owns 57,391 shares of the technology company's stock valued at $6,293,000 after purchasing an additional 12,279 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of Trade Desk by 74.3% in the third quarter. Coldstream Capital Management Inc. now owns 9,707 shares of the technology company's stock worth $1,131,000 after acquiring an additional 4,138 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Up 0.2 %

Shares of TTD stock traded up $0.23 on Monday, hitting $132.65. The stock had a trading volume of 3,718,316 shares, compared to its average volume of 3,832,181. The company has a market cap of $65.47 billion, a PE ratio of 217.43, a P/E/G ratio of 6.00 and a beta of 1.43. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $141.53. The business has a 50 day moving average price of $124.59 and a 200 day moving average price of $108.28.

Wall Street Analyst Weigh In

TTD has been the topic of a number of research analyst reports. Oppenheimer increased their price target on Trade Desk from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Macquarie boosted their target price on Trade Desk from $133.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Piper Sandler restated an "overweight" rating and set a $140.00 price objective (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Loop Capital raised their target price on Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Robert W. Baird upped their target price on Trade Desk from $130.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.94.

Insider Buying and Selling at Trade Desk

In related news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the sale, the director now directly owns 28,636 shares of the company's stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 200,000 shares of the company's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $108.68, for a total transaction of $21,736,000.00. Following the transaction, the chief executive officer now owns 565,180 shares of the company's stock, valued at approximately $61,423,762.40. The trade was a 26.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,128,938 shares of company stock worth $125,534,054. Insiders own 9.72% of the company's stock.

Trade Desk 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.