Trade Desk (NASDAQ:TTD) Price Target Raised to $160.00 at BMO Capital Markets

Trade Desk (NASDAQ:TTD) had its price target raised by BMO Capital Markets from $125.00 to $160.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 37.03% from the stock’s current price.

A number of other equities analysts have also recently weighed in on TTD. Wedbush increased their price target on Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. StockNews.com cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Moffett Nathanson initiated coverage on Trade Desk in a research report on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price on the stock. Macquarie lifted their price objective on Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Needham & Company LLC increased their target price on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.55.

Trade Desk Trading Down 1.0 %

Shares of TTD stock opened at $116.76 on Wednesday. Trade Desk has a twelve month low of $61.47 and a twelve month high of $141.53. The company’s 50-day moving average price is $126.65 and its 200-day moving average price is $112.40. The stock has a market cap of $57.63 billion, a price-to-earnings ratio of 191.41, a PEG ratio of 6.00 and a beta of 1.45.

Insider Buying and Selling at Trade Desk

In other news, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $117.89, for a total transaction of $159,740.95. Following the transaction, the director now owns 28,636 shares of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,086 shares of company stock worth $4,654,466 over the last 90 days. 9.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Trade Desk

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empirical Asset Management LLC acquired a new position in Trade Desk in the 4th quarter valued at approximately $3,274,000. Bouvel Investment Partners LLC increased its position in shares of Trade Desk by 2.0% during the fourth quarter. Bouvel Investment Partners LLC now owns 33,551 shares of the technology company’s stock valued at $3,943,000 after purchasing an additional 658 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Trade Desk by 32.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,898 shares of the technology company’s stock valued at $341,000 after purchasing an additional 706 shares in the last quarter. RMR Wealth Builders lifted its position in Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after purchasing an additional 89 shares during the period. Finally, Connective Portfolio Management LLC bought a new position in Trade Desk in the fourth quarter worth $588,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.