Representative James Comer (R-Kentucky) recently bought shares of The Trade Desk, Inc. NASDAQ: TTD. In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Trade Desk stock on January 2nd.
Representative James Comer also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Dover NYSE: DOV on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Amphenol NYSE: APH on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/2/2025.
- Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 1/2/2025.
Trade Desk Stock Up 2.5 %
TTD stock traded up $2.92 during trading on Wednesday, reaching $119.68. The stock had a trading volume of 3,689,523 shares, compared to its average volume of 3,058,441. The company has a market capitalization of $59.07 billion, a price-to-earnings ratio of 196.20, a P/E/G ratio of 6.00 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $141.53. The company's 50 day moving average is $126.65 and its two-hundred day moving average is $112.40.
Institutional Trading of Trade Desk
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company's stock valued at $40,000 after purchasing an additional 100 shares in the last quarter. Quarry LP bought a new stake in Trade Desk during the second quarter valued at $41,000. Brown Lisle Cummings Inc. grew its position in 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 buying an additional 150 shares in the last quarter. JFS Wealth Advisors LLC increased 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 worth $41,000 after acquiring an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in Trade Desk in the 3rd quarter worth about $51,000. Institutional investors own 67.77% of the company's stock.
Insider Buying and Selling at Trade Desk
In related news, Director Gokul Rajaram sold 1,355 shares of the company's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $117.89, for a total value of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares in the company, valued at $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,086 shares of company stock valued at $4,654,466 in the last 90 days. Corporate insiders own 9.72% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on TTD shares. Wedbush upped their target price on Trade Desk from $135.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, January 6th. Needham & Company LLC upped their price objective on Trade Desk from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, October 1st. Piper Sandler reiterated an "overweight" rating and set a $140.00 target price (up from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Evercore ISI increased their price target on shares of Trade Desk from $110.00 to $135.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $132.55.
Read Our Latest Research Report on Trade Desk
About Representative Comer
James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer "instrumental in the final passage of a five-year farm bill," noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.
About Trade Desk
(
Get Free Report)
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.
Featured Stories
Before you consider Trade Desk, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trade Desk wasn't on the list.
While Trade Desk currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
