The Trade Desk, Inc. (NASDAQ:TTD) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 3.2% in the third quarter, HoldingsChannel.com reports. The fund owned 57,590 shares of the technology company’s stock after purchasing an additional 1,773 shares during the quarter. D.A. Davidson & CO.’s holdings in Trade Desk were worth $6,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in Trade Desk in the 2nd quarter valued at about $30,000. EdgeRock Capital LLC purchased a new position in shares of Trade Desk during the second quarter valued at approximately $37,000. Avior Wealth Management LLC grew its stake 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 acquiring an additional 100 shares during the period. Quarry LP acquired a new position in Trade Desk in the 2nd quarter valued at $41,000. Finally, Brown Lisle Cummings Inc. raised its holdings in 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 last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

NASDAQ:TTD opened at $128.15 on Thursday. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65. The business’s 50-day simple moving average is $118.32 and its 200 day simple moving average is $104.56. The stock has a market cap of $63.25 billion, a price-to-earnings ratio of 210.08, a price-to-earnings-growth ratio of 5.86 and a beta of 1.47.

Wall Street Analyst Weigh In

TTD has been the subject of a number of recent analyst reports. 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. Moffett Nathanson started coverage on shares of Trade Desk in a report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price objective on the stock. Susquehanna reissued a “positive” rating and issued a $150.00 target price on shares of Trade Desk in a research report on Thursday, November 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. Finally, DA Davidson lifted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.66.

Insider Buying and Selling at Trade Desk

In related news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now directly owns 693,953 shares in the company, valued at approximately $80,102,994.79. This trade represents a 3.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay R. Grant sold 20,579 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now owns 178,853 shares in the company, valued at $19,432,378.45. The trade was a 10.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock valued at $125,534,054 in the last three months. Corporate insiders own 9.72% 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.