BMO Capital Markets Boosts Trade Desk (NASDAQ:TTD) Price Target to $160.00

Trade Desk (NASDAQ:TTD) had its price objective increased by equities research analysts at BMO Capital Markets from $125.00 to $160.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price target suggests a potential upside of 37.03% from the stock’s current price.

Other analysts also recently issued reports about the company. Robert W. Baird lifted their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada upped their price objective on Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Loop Capital boosted their target price on shares of Trade Desk from $120.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of Trade Desk in a research report on Monday, October 7th. Finally, Macquarie lifted their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average price target of $132.55.

Trade Desk Stock Down 1.0 %

TTD stock opened at $116.76 on Wednesday. The company has a fifty day simple moving average of $126.65 and a two-hundred day simple moving average of $112.40. Trade Desk has a 52 week low of $61.47 and a 52 week high of $141.53. The firm has a market capitalization of $57.63 billion, a P/E ratio of 191.41, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $117.89, for a total transaction of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares of the company’s stock, valued at $3,375,898.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new stake in shares of Trade Desk during the 4th quarter worth about $3,274,000. Bouvel Investment Partners LLC increased its stake in shares of Trade Desk by 2.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 33,551 shares of the technology company’s stock worth $3,943,000 after purchasing an additional 658 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Trade Desk by 32.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,898 shares of the technology company’s stock worth $341,000 after purchasing an additional 706 shares in the last quarter. RMR Wealth Builders raised its position in shares of Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after purchasing an additional 89 shares during the last quarter. Finally, Connective Portfolio Management LLC purchased a new position in Trade Desk in the 4th quarter valued at about $588,000. Hedge funds and other institutional investors own 67.77% 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.