Prime Capital Investment Advisors LLC Buys 718 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Prime Capital Investment Advisors LLC increased its stake in shares of The Trade Desk, Inc. (NASDAQ:TTD) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,367 shares of the technology company’s stock after purchasing an additional 718 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Trade Desk were worth $1,137,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TTD. Transcendent Capital Group LLC bought a new stake in Trade Desk during the 2nd quarter worth about $30,000. EdgeRock Capital LLC acquired a new stake in shares of Trade Desk during the 2nd quarter worth approximately $37,000. Quarry LP acquired a new position in Trade Desk in the second quarter valued at approximately $41,000. Brown Lisle Cummings Inc. boosted its stake in 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 acquiring an additional 150 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in Trade Desk by 194.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock worth $41,000 after acquiring an additional 247 shares during the period. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Performance

NASDAQ:TTD opened at $125.88 on Friday. The stock’s 50-day simple moving average is $114.89 and its 200 day simple moving average is $102.26. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $132.65. The company has a market cap of $61.88 billion, a P/E ratio of 206.36, a P/E/G ratio of 6.25 and a beta of 1.47.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 20,579 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $108.65, for a total value of $2,235,908.35. Following the completion of the sale, the insider now directly owns 178,853 shares in the company, valued at approximately $19,432,378.45. This trade represents a 10.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $117.89, for a total value of $159,740.95. Following 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 position. The disclosure for this sale can be found here. Insiders have sold 1,548,289 shares of company stock valued at $169,165,185 in the last 90 days. 9.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. New Street Research lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $86.00 price target on the stock. in a research report on Tuesday, October 29th. Citigroup raised their target price on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Moffett Nathanson began coverage on Trade Desk in a research note on Monday, September 23rd. They issued a “neutral” rating and a $100.00 price target for the company. Wedbush lifted their price objective on shares of Trade Desk from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a report on Monday, October 14th. Two equities 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $122.65.

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.