Trade Desk Inc (TTD) CEO Sells $70,902.75 in Stock

Trade Desk Inc (NASDAQ:TTD) CEO Jeffrey Terry Green sold 1,411 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $50.25, for a total value of $70,902.75. Following the sale, the chief executive officer now owns 130,333 shares of the company’s stock, valued at approximately $6,549,233.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, November 1st, Jeffrey Terry Green sold 9,000 shares of Trade Desk stock. The stock was sold at an average price of $66.26, for a total value of $596,340.00.
  • On Monday, October 2nd, Jeffrey Terry Green sold 7,689 shares of Trade Desk stock. The stock was sold at an average price of $61.90, for a total value of $475,949.10.
  • On Wednesday, October 4th, Jeffrey Terry Green sold 9,000 shares of Trade Desk stock. The stock was sold at an average price of $61.85, for a total value of $556,650.00.

Shares of Trade Desk Inc (NASDAQ TTD) traded down $3.43 during midday trading on Friday, hitting $46.16. The stock had a trading volume of 1,837,700 shares, compared to its average volume of 944,206. Trade Desk Inc has a 1 year low of $26.40 and a 1 year high of $67.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $2,036.86, a PE ratio of 47.68 and a beta of 5.19.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The firm had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $76.84 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 49.8% compared to the same quarter last year. research analysts forecast that Trade Desk Inc will post 1.28 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in TTD. Vanguard Group Inc. raised its stake in shares of Trade Desk by 79.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock valued at $99,976,000 after purchasing an additional 885,916 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of Trade Desk by 109.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock valued at $71,771,000 after purchasing an additional 748,795 shares during the period. Renaissance Technologies LLC raised its stake in shares of Trade Desk by 193.5% during the 2nd quarter. Renaissance Technologies LLC now owns 828,300 shares of the technology company’s stock valued at $41,506,000 after purchasing an additional 546,100 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Trade Desk during the 3rd quarter valued at $32,658,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Trade Desk during the 2nd quarter valued at $24,342,000. Institutional investors own 65.38% of the company’s stock.

Several research firms have weighed in on TTD. SunTrust Banks raised Trade Desk from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $45.25 to $55.00 in a research report on Monday, December 11th. Vetr cut Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price objective on the stock. in a research report on Tuesday, October 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $62.00 price objective on shares of Trade Desk in a research report on Friday, September 1st. Susquehanna Bancshares reissued a “positive” rating and issued a $66.00 price objective on shares of Trade Desk in a research report on Wednesday, October 4th. Finally, Macquarie began coverage on Trade Desk in a research report on Thursday, October 12th. They issued an “outperform” rating and a $78.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.48.

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Trade Desk Company Profile

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

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