Balboa Wealth Partners Takes $203,000 Position in The Trade Desk, Inc. (NASDAQ:TTD)

Balboa Wealth Partners acquired a new position in shares of The Trade Desk, Inc. (NASDAQ:TTD) during the third quarter, Holdings Channel.com reports. The fund acquired 1,847 shares of the technology company’s stock, valued at approximately $203,000.

Several other large investors have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new stake in shares of Trade Desk during the second quarter valued at about $30,000. JFS Wealth Advisors LLC increased 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. Brown Lisle Cummings Inc. increased its holdings 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 acquiring an additional 150 shares during the period. EdgeRock Capital LLC purchased a new stake in Trade Desk in the 2nd quarter worth approximately $37,000. Finally, Quarry LP purchased a new position in shares of Trade Desk during the 2nd quarter valued at $41,000. Institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 6.1 %

Shares of TTD opened at $118.15 on Friday. The stock has a market capitalization of $58.08 billion, a P/E ratio of 193.69, a PEG ratio of 6.07 and a beta of 1.47. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $132.65. The firm has a fifty day simple moving average of $115.25 and a two-hundred day simple moving average of $102.49.

Insider Activity

In other Trade Desk news, Director Gokul Rajaram sold 1,355 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total value of $147,695.00. Following the completion of the transaction, the director now directly owns 29,991 shares in the company, valued at approximately $3,269,019. This represents a 4.32 % decrease in their position. The sale 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 283,429 shares of Trade Desk stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $104.20, for a total transaction of $29,533,301.80. Following the sale, the chief executive officer now directly owns 380,832 shares in the company, valued at $39,682,694.40. The trade was a 42.67 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,548,289 shares of company stock valued at $169,165,185. Insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TTD. Truist Financial increased their price objective on Trade Desk from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their price target on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their price objective on Trade Desk from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Moffett Nathanson started coverage on shares of Trade Desk in a research note on Monday, September 23rd. They issued a “neutral” rating and a $100.00 target price on the stock. Finally, DA Davidson boosted their price target on shares of Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.65.

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.