1,847 Shares in The Trade Desk, Inc. (NASDAQ:TTD) Purchased by Balboa Wealth Partners

Balboa Wealth Partners bought a new stake in The Trade Desk, Inc. (NASDAQ:TTD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,847 shares of the technology company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in Trade Desk in the second quarter valued at about $30,000. EdgeRock Capital LLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at approximately $37,000. Quarry LP bought a new stake in shares of Trade Desk during the 2nd quarter valued at approximately $41,000. Brown Lisle Cummings Inc. increased its position in Trade Desk by 66.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in Trade Desk by 194.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TTD shares. Stifel Nicolaus upped their price target on shares of Trade Desk from $111.00 to $136.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Royal Bank of Canada upped their target price on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research note on Monday, October 7th. Needham & Company LLC boosted 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. Finally, Susquehanna raised their price objective on shares of Trade Desk from $135.00 to $150.00 and gave the company a “positive” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.65.

Insiders Place Their Bets

In other Trade Desk news, CEO Jeffrey Terry Green sold 135,922 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $103.72, for a total transaction of $14,097,829.84. Following the sale, the chief executive officer now directly owns 664,261 shares of the company’s stock, valued at $68,897,150.92. This represents a 16.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction dated 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 owns 29,991 shares of the company’s stock, valued at $3,269,019. This 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 valued at $169,165,185. Company insiders own 9.72% of the company’s stock.

Trade Desk Stock Down 6.1 %

Trade Desk stock opened at $118.15 on Friday. The company’s 50 day moving average price is $115.25 and its two-hundred day moving average price is $102.49. The Trade Desk, Inc. has a 52 week low of $61.47 and a 52 week high of $132.65. The stock has a market cap of $58.08 billion, a P/E ratio of 193.69, a P/E/G ratio of 6.07 and a beta of 1.47.

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.