Natixis Advisors LLC Acquires 17,533 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Natixis Advisors LLC boosted its holdings in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 437,506 shares of the technology company’s stock after buying an additional 17,533 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of Trade Desk worth $47,973,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk in the 2nd quarter valued at about $30,000. EdgeRock Capital LLC purchased a new stake in Trade Desk during the second quarter valued at approximately $37,000. Quarry LP acquired a new stake in Trade Desk in the second quarter valued at approximately $41,000. Brown Lisle Cummings Inc. grew its holdings in Trade Desk by 66.7% in 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 during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of 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 in the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Activity

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated 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 sale, the director now directly owns 28,636 shares in the company, valued at $3,375,898.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 20,579 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $108.65, for a total transaction of $2,235,908.35. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,548,289 shares of company stock worth $169,165,185 over the last quarter. 9.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TTD has been the topic of several research analyst reports. BTIG Research boosted their target price on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their price target on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC increased their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Citigroup boosted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada raised their price target on shares of Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and a consensus price target of $122.65.

Trade Desk Trading Down 6.1 %

TTD stock opened at $118.15 on Monday. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $132.65. The business’s 50-day moving average is $115.25 and its 200 day moving average is $102.75. The stock has a market cap of $58.08 billion, a price-to-earnings ratio of 193.69, a PEG ratio of 5.35 and a beta of 1.47.

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.