Parisi Gray Wealth Management Purchases 99 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Parisi Gray Wealth Management grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,534 shares of the technology company’s stock after acquiring an additional 99 shares during the quarter. Parisi Gray Wealth Management’s holdings in Trade Desk were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TTD. CAP Partners LLC raised its holdings in Trade Desk by 1.4% during the 3rd 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 period. RMR Wealth Builders lifted its holdings in shares of Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after acquiring an additional 89 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after purchasing an additional 97 shares during the period. Avior Wealth Management LLC grew its holdings in Trade Desk by 37.7% during the 3rd 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, Advisory Resource Group raised its holdings in shares of Trade Desk by 1.0% in the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock worth $1,152,000 after buying an additional 101 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TTD. KeyCorp increased their target price on Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial upped their target price on shares of Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price target for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Wolfe Research raised their price objective on Trade Desk from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley increased their price target on Trade Desk from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Trade Desk Stock Performance

Shares of TTD traded down $0.91 during trading hours on Monday, hitting $117.89. The stock had a trading volume of 2,706,705 shares, compared to its average volume of 3,026,420. The firm has a market capitalization of $58.19 billion, a price-to-earnings ratio of 193.26, a PEG ratio of 6.00 and a beta of 1.45. The firm has a 50-day moving average price of $126.72 and a 200 day moving average price of $112.13. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $141.53.

Insider Buying and Selling

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jay R. Grant sold 18,524 shares of Trade Desk stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total value of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,086 shares of company stock valued at $4,654,466. 9.72% of the stock is owned by company insiders.

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.