Nwam LLC Makes New Investment in The Trade Desk, Inc. (NASDAQ:TTD)

Nwam LLC purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,556 shares of the technology company’s stock, valued at approximately $280,000.

Other institutional investors have also recently made changes to their positions in the company. CAP Partners LLC raised its stake in Trade Desk by 1.4% in the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares in the last quarter. Allworth Financial LP raised its position in shares of Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after buying an additional 97 shares in the last quarter. Apella Capital LLC lifted its holdings in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock worth $547,000 after acquiring an additional 100 shares during the last quarter. Avior Wealth Management LLC grew its position in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Finally, HM Payson & Co. increased its stake in Trade Desk by 1.0% in the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 565,180 shares in the company, valued at approximately $61,423,762.40. This trade represents a 26.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the sale, the director now owns 29,991 shares in the company, valued at $3,269,019. The trade was a 4.32 % 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 over the last ninety days. Company insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TTD. DA Davidson lifted their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. 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 note on Friday, November 8th. Oppenheimer lifted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Truist Financial upped their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Moffett Nathanson started coverage on shares of Trade Desk in a research report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.66.

Trade Desk Stock Performance

TTD stock opened at $129.35 on Tuesday. The company has a market capitalization of $63.84 billion, a price-to-earnings ratio of 212.05, a price-to-earnings-growth ratio of 5.88 and a beta of 1.47. The business’s 50 day moving average price is $117.38 and its two-hundred day moving average price is $103.98. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65.

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.