Executive Wealth Management LLC Purchases 2,237 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Executive Wealth Management LLC boosted its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 42.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,454 shares of the technology company’s stock after buying an additional 2,237 shares during the quarter. Executive Wealth Management LLC’s holdings in Trade Desk were worth $817,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Transcendent Capital Group LLC acquired a new position in Trade Desk during the 2nd quarter worth about $30,000. EdgeRock Capital LLC bought a new position in shares of Trade Desk during the second quarter worth about $37,000. Avior Wealth Management LLC lifted its stake in shares of Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares during the period. Quarry LP bought a new stake in Trade Desk in the second quarter valued at approximately $41,000. Finally, Brown Lisle Cummings Inc. raised its holdings in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company began coverage on shares of Trade Desk in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 price objective on the stock. KeyCorp increased their price target on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI boosted their price objective on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. New Street Research upgraded Trade Desk from a “sell” rating to a “neutral” rating and upped their target price for the company from $85.00 to $115.00 in a research report on Monday, November 25th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.94.

Trade Desk Stock Down 1.6 %

TTD stock opened at $132.66 on Wednesday. The firm has a market capitalization of $65.48 billion, a PE ratio of 217.48, a P/E/G ratio of 6.30 and a beta of 1.43. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53. The stock’s 50 day moving average is $123.25 and its 200-day moving average is $107.47.

Insider Activity at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value 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. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Laura Schenkein sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 693,953 shares of the company’s stock, 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. In the last three months, insiders sold 1,128,938 shares of company stock valued at $125,534,054. 9.72% of the stock is owned by insiders.

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.