Circle Wealth Management LLC Purchases 7,094 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Circle Wealth Management LLC boosted its position in The Trade Desk, Inc. (NASDAQ:TTD) by 80.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,874 shares of the technology company’s stock after acquiring an additional 7,094 shares during the period. Circle Wealth Management LLC’s holdings in Trade Desk were worth $1,741,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TTD. Transcendent Capital Group LLC bought a new position in shares of Trade Desk during the second quarter valued at approximately $30,000. Avior Wealth Management LLC raised its holdings in Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after purchasing an additional 247 shares during the period. Brown Lisle Cummings Inc. boosted its stake in shares of Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares in the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $128.55 on Friday. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65. The business has a fifty day moving average price of $119.08 and a 200-day moving average price of $104.88. The firm has a market capitalization of $63.45 billion, a price-to-earnings ratio of 210.74, a price-to-earnings-growth ratio of 5.81 and a beta of 1.47.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at $83,764,254.60. This trade represents a 20.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Laura Schenkein sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the completion of the transaction, the chief financial officer now owns 693,953 shares in the company, valued at $80,102,994.79. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,128,938 shares of company stock valued at $125,534,054. Company insiders own 9.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTD. Truist Financial lifted their price objective on Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC upped their price target on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Piper Sandler reissued an “overweight” rating and set a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Monday, October 7th. Finally, Benchmark reiterated a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $124.66.

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.