A number of other research firms have also recently weighed in on TTD. Vetr raised Trade Desk from a buy rating to a strong-buy rating and set a $71.76 price target on the stock in a report on Thursday, November 9th. Wells Fargo & Co reaffirmed a buy rating and set a $62.00 price target on shares of Trade Desk in a report on Friday, February 23rd. Stifel Nicolaus set a $69.00 price target on Trade Desk and gave the company a buy rating in a report on Friday, February 23rd. Jefferies Group reaffirmed a buy rating and set a $63.00 price target on shares of Trade Desk in a report on Friday, November 10th. Finally, BidaskClub cut Trade Desk from a buy rating to a hold rating in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $66.05.
Shares of Trade Desk (NASDAQ TTD) opened at $59.53 on Friday. The firm has a market capitalization of $2,450.00 and a P/E ratio of 51.77. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.11. Trade Desk has a twelve month low of $34.79 and a twelve month high of $67.30.
In related news, COO Robert David Perdue sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $46.37, for a total transaction of $347,775.00. Following the sale, the chief operating officer now owns 102,238 shares of the company’s stock, valued at $4,740,776.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian John Stempeck sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $49.59, for a total value of $495,900.00. Following the sale, the insider now directly owns 44,550 shares in the company, valued at approximately $2,209,234.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 795,435 shares of company stock worth $45,360,734. 26.87% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Trade Desk by 129.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock valued at $126,000 after buying an additional 1,550 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after buying an additional 1,038 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Trade Desk in the fourth quarter valued at $169,000. Circle Wealth Management LLC bought a new position in shares of Trade Desk in the fourth quarter valued at $202,000. Finally, Crow Point Partners LLC bought a new position in shares of Trade Desk in the fourth quarter valued at $214,000. 74.29% of the stock is currently owned by hedge funds and other institutional investors.
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About Trade Desk
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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