The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green Sells 75,000 Shares

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $85.13, for a total value of $6,384,750.00. Following the transaction, the chief executive officer now owns 899,022 shares of the company’s stock, valued at $76,533,742.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jeffrey Terry Green also recently made the following trade(s):

• On Monday, April 29th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00.
• On Monday, April 15th, Jeffrey Terry Green sold 2,600 shares of Trade Desk stock. The stock was sold at an average price of $86.41, for a total transaction of $224,666.00.
• On Wednesday, April 3rd, Jeffrey Terry Green sold 66,007 shares of Trade Desk stock. The shares were sold at an average price of $87.38, for a total transaction of $5,767,691.66.
• On Monday, March 25th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $85.42, for a total transaction of $6,406,500.00.
• On Thursday, March 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $84.78, for a total transaction of $6,358,500.00.
• On Friday, February 23rd, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $82.31, for a total transaction of $6,173,250.00.
• On Wednesday, February 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $81.77, for a total value of $6,132,750.00.

Trade Desk Trading Up 3.2 %

Shares of Trade Desk stock opened at $88.12 on Friday. The firm has a market capitalization of $43.09 billion, a PE ratio of 244.78, a price-to-earnings-growth ratio of 4.57 and a beta of 1.50. The firm’s 50 day moving average is $83.55 and its 200 day moving average is $75.78. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The company had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. As a group, research analysts anticipate that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Benchmark lifted their price target on Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a report on Friday, February 16th. Seaport Res Ptn restated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Stifel Nicolaus lifted their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. BTIG Research increased their target price on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Royal Bank of Canada lifted their price target on shares of Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.38.

Institutional Trading of Trade Desk

A number of hedge funds have recently made changes to their positions in TTD. Baron Wealth Management LLC bought a new stake in Trade Desk during the 3rd quarter worth approximately $270,000. DAVENPORT & Co LLC increased its holdings in Trade Desk by 28.4% in the third quarter. DAVENPORT & Co LLC now owns 4,005 shares of the technology company’s stock valued at $313,000 after purchasing an additional 886 shares during the period. Balboa Wealth Partners bought a new position in Trade Desk during the 3rd quarter worth $352,000. Robeco Institutional Asset Management B.V. lifted its holdings in Trade Desk by 41.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 207,465 shares of the technology company’s stock worth $16,213,000 after buying an additional 60,503 shares during the period. Finally, Xponance Inc. grew its position in shares of Trade Desk by 2.0% in the 3rd quarter. Xponance Inc. now owns 63,317 shares of the technology company’s stock valued at $4,948,000 after buying an additional 1,236 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Company 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.