CAP Partners LLC Grows Stock Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

CAP Partners LLC grew its holdings in The Trade Desk, Inc. (NASDAQ:TTD) by 1.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,403 shares of the technology company’s stock after buying an additional 86 shares during the period. CAP Partners LLC’s holdings in Trade Desk were worth $702,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in TTD. Quest Partners LLC bought a new position in Trade Desk during the third quarter valued at $85,000. Swiss National Bank boosted its stake in shares of Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after purchasing an additional 4,500 shares during the period. Evergreen Wealth Management LLC bought a new position in Trade Desk during the 3rd quarter valued at about $842,000. Natixis Advisors LLC raised its position in Trade Desk by 4.2% in the 3rd quarter. Natixis Advisors LLC now owns 437,506 shares of the technology company’s stock worth $47,973,000 after purchasing an additional 17,533 shares during the period. Finally, Empowered Funds LLC lifted its stake in Trade Desk by 6.9% in the third quarter. Empowered Funds LLC now owns 14,738 shares of the technology company’s stock worth $1,616,000 after purchasing an additional 953 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TTD. Needham & Company LLC increased their price target on Trade Desk from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Piper Sandler reiterated an “overweight” rating and issued a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Citigroup boosted their target price on shares of Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Susquehanna raised their price target on shares of Trade Desk from $135.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Finally, DA Davidson boosted their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.65.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $118.39 on Monday. The business’s 50-day moving average is $115.25 and its 200 day moving average is $102.75. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $132.65. The firm has a market capitalization of $58.20 billion, a P/E ratio of 193.69, a P/E/G ratio of 5.35 and a beta of 1.47.

Insider Transactions at Trade Desk

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at $39,682,694.40. This represents a 42.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $109.00, for a total transaction of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This trade represents a 4.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,548,289 shares of company stock worth $169,165,185. Insiders own 9.72% 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.