Centaurus Financial Inc. Boosts Holdings in The Trade Desk, Inc. (NASDAQ:TTD)

Centaurus Financial Inc. grew its position in The Trade Desk, Inc. (NASDAQ:TTD) by 35.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,521 shares of the technology company’s stock after purchasing an additional 928 shares during the period. Centaurus Financial Inc.’s holdings in Trade Desk were worth $386,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TTD. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the second quarter valued at about $30,000. EdgeRock Capital LLC acquired a new position in shares of Trade Desk during the second quarter valued at about $37,000. Avior Wealth Management LLC raised 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 valued at $40,000 after purchasing an additional 100 shares during the last quarter. Quarry LP acquired a new stake in Trade Desk in the 2nd quarter worth approximately $41,000. Finally, Brown Lisle Cummings Inc. grew 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 during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $109.47, for a total value of $21,894,000.00. Following the sale, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at $83,764,254.60. The trade was a 20.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,355 shares of the 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 of the company’s stock, valued at approximately $3,269,019. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,128,938 shares of company stock worth $125,534,054 over the last 90 days. 9.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research note on Monday, October 7th. Citigroup lifted their price target on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price target on Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research note on Monday, October 14th. DA Davidson raised their price objective on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Loop Capital upped their target price on Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.66.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $128.98 on Wednesday. The firm has a fifty day moving average of $117.86 and a 200 day moving average of $104.26. The firm has a market cap of $63.66 billion, a PE ratio of 211.44, a PEG ratio of 5.88 and a beta of 1.47. The Trade Desk, Inc. has a one year low of $61.47 and a one year high of $132.65.

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.