Trade Desk (NASDAQ:TTD) Director Sells $1,134,816.34 in Stock

The Trade Desk (NASDAQ:TTD) Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trade Desk Trading Up 7.7%

NASDAQ TTD traded up $1.66 on Monday, reaching $23.22. The company’s stock had a trading volume of 22,863,810 shares, compared to its average volume of 18,691,230. The firm has a market cap of $10.92 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05. The business has a 50-day moving average price of $22.25 and a 200 day moving average price of $29.68. The Trade Desk has a 52 week low of $19.74 and a 52 week high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The business had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. Analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a share buyback plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Trade Desk

Large investors have recently modified their holdings of the stock. Elevation Wealth Partners LLC lifted its position in shares of Trade Desk by 2,382.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Trade Desk during the fourth quarter worth approximately $30,000. Root Financial Partners LLC lifted its position in shares of Trade Desk by 219.4% during the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock worth $30,000 after purchasing an additional 906 shares in the last quarter. CVA Family Office LLC lifted its position in shares of Trade Desk by 62.1% during the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after purchasing an additional 344 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Trade Desk during the fourth quarter worth approximately $35,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTD. Needham & Company LLC lowered their target price on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Moffett Nathanson restated a “neutral” rating and issued a $32.00 price target on shares of Trade Desk in a research report on Thursday, February 26th. Rothschild & Co Redburn assumed coverage on shares of Trade Desk in a research report on Thursday. They issued a “sell” rating and a $11.00 price target on the stock. KeyCorp lowered shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 8th. Finally, Citigroup restated a “neutral” rating on shares of Trade Desk in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.91.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.