Edgestream Partners L.P. Buys 5,050 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Edgestream Partners L.P. increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 58.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,686 shares of the technology company’s stock after purchasing an additional 5,050 shares during the quarter. Edgestream Partners L.P.’s holdings in Trade Desk were worth $1,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TTD. L.M. Kohn & Company increased its position in Trade Desk by 41.6% during the third quarter. L.M. Kohn & Company now owns 4,191 shares of the technology company’s stock valued at $460,000 after acquiring an additional 1,231 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Trade Desk by 71.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 93,442 shares of the technology company’s stock worth $10,246,000 after purchasing an additional 38,997 shares during the period. Circle Wealth Management LLC lifted its stake in Trade Desk by 80.8% in the third quarter. Circle Wealth Management LLC now owns 15,874 shares of the technology company’s stock worth $1,741,000 after purchasing an additional 7,094 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Trade Desk during the third quarter valued at approximately $255,000. Finally, Captrust Financial Advisors grew its stake in shares of Trade Desk by 2.3% during the third quarter. Captrust Financial Advisors now owns 14,404 shares of the technology company’s stock valued at $1,579,000 after buying an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Performance

Trade Desk stock opened at $139.16 on Wednesday. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $139.23. The stock has a market cap of $68.69 billion, a PE ratio of 228.13, a price-to-earnings-growth ratio of 6.13 and a beta of 1.43. The stock has a 50-day moving average of $120.56 and a two-hundred day moving average of $106.02.

Insider Buying and Selling

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the business’s 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 sale, the director now owns 28,636 shares in the company, valued at approximately $3,375,898.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 80,649 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the transaction, the chief executive officer now owns 7,330 shares of the company’s stock, valued at approximately $846,615. The trade was a 91.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,128,938 shares of company stock worth $125,534,054 in the last three months. Corporate insiders own 9.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. 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 report on Tuesday, October 1st. KeyCorp upped their price target on shares of Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Macquarie upped their target price on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Truist Financial lifted their price target on shares of Trade Desk from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.66.

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.