Bank of Montreal Can Buys 208,349 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Bank of Montreal Can increased its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 32.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 853,128 shares of the technology company’s stock after acquiring an additional 208,349 shares during the period. Bank of Montreal Can owned about 0.17% of Trade Desk worth $93,375,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Trade Desk during the 3rd quarter valued at about $346,000. Brown Brothers Harriman & Co. bought a new stake in Trade Desk in the 3rd quarter worth approximately $51,000. Harvest Fund Management Co. Ltd boosted its stake in Trade Desk by 44.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 32,596 shares of the technology company’s stock worth $3,573,000 after buying an additional 10,106 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Trade Desk by 82.0% during the third quarter. Daiwa Securities Group Inc. now owns 101,964 shares of the technology company’s stock valued at $11,180,000 after acquiring an additional 45,929 shares during the last quarter. Finally, Summit Trail Advisors LLC purchased a new position in shares of Trade Desk during the third quarter worth approximately $390,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $128.98 on Wednesday. The company has a 50 day simple moving average of $117.86 and a two-hundred day simple moving average of $104.26. The Trade Desk, Inc. has a fifty-two week low of $61.47 and a fifty-two week high of $132.65. The company has a market capitalization of $63.66 billion, a price-to-earnings ratio of 211.44, a P/E/G ratio of 5.86 and a beta of 1.47.

Insider Buying and Selling

In related news, CFO Laura Schenkein sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 693,953 shares in the company, valued at $80,102,994.79. The trade was a 3.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the sale, the director now owns 29,991 shares of the company’s stock, valued at approximately $3,269,019. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock worth $125,534,054 in the last 90 days. Insiders own 9.72% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of several recent research reports. DA Davidson increased their target price on shares of Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wedbush raised their price objective on Trade Desk from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. UBS Group boosted their target price on Trade Desk from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Evercore ISI raised their price target on Trade Desk from $110.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Needham & Company LLC boosted their price objective on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.66.

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.