Independent Solutions Wealth Management LLC Buys 11,181 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Independent Solutions Wealth Management LLC grew its stake in The Trade Desk, Inc. (NASDAQ:TTD) by 21.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,358 shares of the technology company’s stock after acquiring an additional 11,181 shares during the period. Trade Desk accounts for 1.6% of Independent Solutions Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Independent Solutions Wealth Management LLC’s holdings in Trade Desk were worth $7,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. CAP Partners LLC lifted its stake in shares of Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after purchasing an additional 86 shares during the last quarter. Allworth Financial LP lifted its position in shares of Trade Desk by 2.7% during the third quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock valued at $410,000 after buying an additional 97 shares during the last quarter. Avior Wealth Management LLC grew its position in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock worth $40,000 after buying an additional 100 shares during the last quarter. Advisory Resource Group grew its position in shares of Trade Desk by 1.0% in the 3rd quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock worth $1,152,000 after buying an additional 101 shares during the last quarter. Finally, HM Payson & Co. increased its position in shares of Trade Desk by 1.0% during the third quarter. HM Payson & Co. now owns 9,875 shares of the technology company’s stock worth $1,083,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 0.4 %

Trade Desk stock traded down $0.54 during mid-day trading on Thursday, hitting $127.39. The company had a trading volume of 2,256,089 shares, compared to its average volume of 3,835,502. The stock has a market cap of $62.88 billion, a price-to-earnings ratio of 208.84, a PEG ratio of 6.00 and a beta of 1.43. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The business has a fifty day moving average of $125.42 and a 200 day moving average of $108.85.

Insider Activity at Trade Desk

In other news, CFO Laura Schenkein sold 25,000 shares of Trade Desk stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $115.43, for a total value of $2,885,750.00. Following the transaction, the chief financial officer now directly owns 693,953 shares of the company’s stock, valued at $80,102,994.79. The trade was a 3.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,355 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $3,375,898.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock valued at $125,534,054 in the last ninety days. Insiders own 9.72% of the company’s stock.

Analyst Ratings Changes

TTD has been the subject of a number of recent analyst reports. Scotiabank initiated coverage on Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. Piper Sandler restated an “overweight” rating and set a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. UBS Group lifted their target price on shares of Trade Desk from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Moffett Nathanson initiated coverage on shares of Trade Desk in a research note on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target on the stock. Finally, StockNews.com downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.07.

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.