Insider Selling: Trade Desk Inc (NASDAQ:TTD) CTO Sells 10,000 Shares of Stock

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Trade Desk Inc (NASDAQ:TTD) CTO David Randall Pickles sold 10,000 shares of Trade Desk stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $209.32, for a total transaction of $2,093,200.00. Following the transaction, the chief technology officer now directly owns 60,123 shares of the company’s stock, valued at $12,584,946.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

David Randall Pickles also recently made the following trade(s):

  • On Tuesday, September 17th, David Randall Pickles sold 10,000 shares of Trade Desk stock. The stock was sold at an average price of $213.24, for a total transaction of $2,132,400.00.
  • On Tuesday, August 20th, David Randall Pickles sold 10,000 shares of Trade Desk stock. The stock was sold at an average price of $248.84, for a total transaction of $2,488,400.00.

Shares of Trade Desk stock opened at $194.81 on Friday. The firm has a 50-day moving average of $207.53 and a 200-day moving average of $223.19. The stock has a market cap of $9.06 billion, a PE ratio of 101.46, a PEG ratio of 3.96 and a beta of 2.71. Trade Desk Inc has a 52-week low of $102.35 and a 52-week high of $289.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.62 and a current ratio of 1.62.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 8th. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.51. The company had revenue of $159.90 million during the quarter, compared to analysts’ expectations of $155.26 million. Trade Desk had a net margin of 17.44% and a return on equity of 23.63%. Trade Desk’s quarterly revenue was up 42.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities research analysts predict that Trade Desk Inc will post 1.85 earnings per share for the current fiscal year.

A number of equities analysts have commented on TTD shares. Raymond James cut shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 price objective for the company. in a research report on Friday, August 9th. Oppenheimer lifted their price objective on shares of Trade Desk from $210.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. SunTrust Banks lifted their price objective on shares of Trade Desk from $206.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Nomura raised shares of Trade Desk from a “reduce” rating to a “neutral” rating and lifted their price objective for the stock from $165.00 to $175.00 in a research report on Thursday, September 26th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $226.34.

Several institutional investors have recently made changes to their positions in TTD. Meridian Wealth Management LLC bought a new stake in shares of Trade Desk in the first quarter valued at about $40,000. Rehmann Capital Advisory Group raised its stake in Trade Desk by 224.2% in the first quarter. Rehmann Capital Advisory Group now owns 1,245 shares of the technology company’s stock valued at $246,000 after purchasing an additional 861 shares in the last quarter. WINTON GROUP Ltd raised its stake in Trade Desk by 3.3% in the second quarter. WINTON GROUP Ltd now owns 2,201 shares of the technology company’s stock valued at $501,000 after purchasing an additional 71 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Trade Desk by 59.0% in the second quarter. Valeo Financial Advisors LLC now owns 159 shares of the technology company’s stock valued at $36,000 after purchasing an additional 59 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in Trade Desk in the second quarter valued at about $34,000. 65.66% of the stock is owned by institutional investors.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

See Also: Net Asset Value

Insider Buying and Selling by Quarter for Trade Desk (NASDAQ:TTD)

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