Canopy Partners LLC Invests $254,000 in The Trade Desk, Inc. (NASDAQ:TTD)

Canopy Partners LLC purchased a new stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,314 shares of the technology company’s stock, valued at approximately $254,000.

Several other institutional investors have also recently bought and sold shares of the business. CAP Partners LLC raised its holdings in shares of 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 buying an additional 86 shares during the last quarter. Allworth Financial LP raised its stake in shares of Trade Desk by 2.7% in the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after acquiring an additional 97 shares during the last quarter. Apella Capital LLC raised its stake in shares of Trade Desk by 1.9% in the second 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 stake in shares of Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. Finally, HM Payson & Co. grew its stake in shares of Trade Desk by 1.0% during the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock valued at $1,083,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Trade Desk Trading Up 1.8 %

Shares of NASDAQ TTD opened at $129.70 on Friday. The company has a fifty day moving average price of $116.90 and a 200 day moving average price of $103.48. The firm has a market cap of $64.02 billion, a PE ratio of 212.62, a PEG ratio of 5.77 and a beta of 1.47. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $132.65.

Analysts Set New Price Targets

TTD has been the topic of several research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Wedbush upped their price target on Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC raised their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Susquehanna reissued a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a report on Thursday. Finally, Wells Fargo & Company started coverage on shares of Trade Desk in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $123.66.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the transaction, the insider now owns 178,853 shares of the company’s stock, valued at approximately $19,432,378.45. This trade represents a 10.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of Trade Desk stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,412,367 shares of company stock valued at $155,067,356 over the last three months. Company insiders own 9.72% of the company’s stock.

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.