GAMMA Investing LLC Has $272,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

GAMMA Investing LLC raised its position in The Trade Desk, Inc. (NASDAQ:TTD) by 9.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,313 shares of the technology company’s stock after acquiring an additional 196 shares during the period. GAMMA Investing LLC’s holdings in Trade Desk were worth $272,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in Trade Desk by 37.7% during the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Quarry LP acquired a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $41,000. Brown Lisle Cummings Inc. grew its stake in shares of Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after buying an additional 247 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in Trade Desk during the third quarter worth $51,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other Trade Desk 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 value of $159,740.95. Following the completion of the transaction, the director now directly owns 28,636 shares in the company, valued at approximately $3,375,898.04. This trade represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total value of $2,210,839.40. Following the sale, the insider now owns 169,464 shares in the company, valued at approximately $20,225,528.40. This trade represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.72% of the stock is currently owned by insiders.

Trade Desk Stock Performance

Shares of TTD opened at $121.41 on Wednesday. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53. The firm has a market cap of $59.92 billion, a price-to-earnings ratio of 199.03, a PEG ratio of 6.00 and a beta of 1.45. The business’s fifty day moving average is $126.71 and its 200-day moving average is $111.63.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Oppenheimer lifted their price objective on shares of Trade Desk from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. UBS Group boosted their price target on Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 target price on shares of Trade Desk in a research note on Monday, October 7th. DA Davidson increased their price target on Trade Desk from $108.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Susquehanna reaffirmed a “positive” rating and set a $150.00 price objective on shares of Trade Desk in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.48.

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.