Trade Desk (NASDAQ:TTD) Given New $142.00 Price Target at Wells Fargo & Company

Trade Desk (NASDAQ:TTD) had its target price lifted by research analysts at Wells Fargo & Company from $141.00 to $142.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 19.71% from the company’s previous close.

Several other equities research analysts have also recently weighed in on TTD. Evercore ISI increased their price objective on Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. KeyCorp upped their target price on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup upped their target price on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. DA Davidson upped their target price on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, BTIG Research increased their price objective on Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $129.55.

Trade Desk Trading Down 0.2 %

Trade Desk stock traded down $0.18 during trading hours on Monday, reaching $118.62. 365,595 shares of the company were exchanged, compared to its average volume of 2,682,239. The firm has a market cap of $58.55 billion, a price-to-earnings ratio of 194.46, a PEG ratio of 6.00 and a beta of 1.45. The stock has a 50-day moving average of $126.72 and a 200 day moving average of $112.13. Trade Desk has a 12 month low of $61.47 and a 12 month high of $141.53.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was 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 directly owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’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 sale, 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 position. The disclosure for this sale can be found here. In 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 corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Baillie Gifford & Co. raised its stake in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after buying an additional 1,720,650 shares during the period. Jennison Associates LLC raised its stake in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after buying an additional 2,013,047 shares during the period. Edgewood Management LLC grew its position in shares of Trade Desk by 133.3% in the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock valued at $1,089,280,000 after purchasing an additional 5,675,571 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Trade Desk by 10.5% in the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock valued at $278,623,000 after purchasing an additional 270,800 shares in the last quarter. Finally, FMR LLC grew its position in shares of Trade Desk by 1.3% in the third quarter. FMR LLC now owns 2,616,203 shares of the technology company’s stock valued at $286,867,000 after purchasing an additional 32,999 shares in the last quarter. 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.