Trade Desk (NASDAQ:TTD) Price Target Raised to $142.00

Trade Desk (NASDAQ:TTD - Free Report) had its price target increased by Wells Fargo & Company from $141.00 to $142.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the technology company's stock.

TTD has been the topic of a number of other research reports. Citigroup upped their target price on Trade Desk from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Stifel Nicolaus upped their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Loop Capital lifted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, November 11th. KeyCorp upped their price target on shares of Trade Desk from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Robert W. Baird lifted their price objective on Trade Desk from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $130.76.

Trade Desk Stock Performance

Shares of TTD stock traded down $0.91 on Monday, reaching $117.89. 2,707,413 shares of the company's stock traded hands, compared to its average volume of 3,039,556. The company has a market capitalization of $58.19 billion, a P/E ratio of 193.26, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45. Trade Desk has a 12-month low of $61.47 and a 12-month high of $141.53. The business's 50 day moving average price is $126.72 and its two-hundred day moving average price is $112.13.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 18,524 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This trade represents a 9.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business's stock in a transaction dated 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 owns 28,636 shares in the company, valued at approximately $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. Insiders have sold 38,086 shares of company stock worth $4,654,466 over the last three months. Company insiders own 9.72% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TTD. Avior Wealth Management LLC raised its position 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 acquiring an additional 100 shares during the period. Quarry LP bought a new stake in Trade Desk during the second quarter worth $41,000. Brown Lisle Cummings Inc. grew its position in shares of 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 acquiring an additional 150 shares during the period. 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. acquired a new position in Trade Desk during the third quarter worth approximately $51,000. Institutional investors own 67.77% of the company's stock.

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.