The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) 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 – Get Free Report) 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
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.
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