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 the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $84.80, for a total transaction of $6,360,000.00. Following the sale, the chief executive officer now directly owns 1,767,320 shares of the company’s stock, valued at $149,868,736. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Trade Desk Price Performance

Shares of TTD stock opened at $80.71 on Tuesday. The Trade Desk, Inc. has a 1 year low of $39.43 and a 1 year high of $91.85. The firm has a fifty day moving average price of $82.04 and a 200-day moving average price of $71.67. The company has a market cap of $39.56 billion, a price-to-earnings ratio of 310.42, a PEG ratio of 7.43 and a beta of 1.72.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $464.25 million for the quarter, compared to the consensus estimate of $455.21 million. Trade Desk had a net margin of 7.46% and a return on equity of 6.43%. Equities research analysts expect that The Trade Desk, Inc. will post 0.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. MetLife Investment Management LLC purchased a new position in Trade Desk in the first quarter worth about $1,946,000. Synovus Financial Corp grew its holdings in Trade Desk by 32.8% in the first quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock worth $561,000 after purchasing an additional 1,996 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in Trade Desk by 43.0% in the first quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock worth $1,019,000 after purchasing an additional 4,276 shares during the last quarter. Aviva PLC grew its holdings in shares of Trade Desk by 8.5% during the first quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock valued at $7,146,000 after buying an additional 8,059 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Trade Desk by 11.2% during the first quarter. National Pension Service now owns 657,768 shares of the technology company’s stock valued at $45,550,000 after buying an additional 66,179 shares during the last quarter. Institutional investors own 68.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI increased their price objective on Trade Desk from $75.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. StockNews.com began coverage on Trade Desk in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Trade Desk in a report on Thursday, August 10th. Oppenheimer boosted their price target on Trade Desk from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. Finally, Susquehanna upped their price target on Trade Desk from $90.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average target price of $86.48.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates 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.