Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells $2,210,839.40 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 18,524 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the transaction, the insider now directly owns 169,464 shares of the company’s stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $121.84 on Friday. The firm has a market cap of $60.14 billion, a price-to-earnings ratio of 199.74, a P/E/G ratio of 6.00 and a beta of 1.45. The stock has a 50-day simple moving average of $126.56 and a 200-day simple moving average of $111.18. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53.

Institutional Trading of Trade Desk

A number of institutional investors have recently added to or reduced their stakes in the business. Ithaka Group LLC boosted its stake in shares of Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after acquiring an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC lifted its holdings in Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 4,296 shares during the last quarter. Assetmark Inc. boosted its position in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after purchasing an additional 70,687 shares during the period. Swiss National Bank grew its holdings in Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock valued at $144,892,000 after purchasing an additional 4,500 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Trade Desk by 3.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,109,380 shares of the technology company’s stock valued at $231,294,000 after purchasing an additional 68,206 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BTIG Research upped their price target on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Truist Financial raised their target price on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. Finally, Oppenheimer boosted their target price on Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.14.

Trade Desk Company 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.