Trade Desk Inc (TTD) CFO Sells $498,324.96 in Stock

Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 3,662 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $136.08, for a total value of $498,324.96. Following the sale, the chief financial officer now directly owns 42,659 shares in the company, valued at approximately $5,805,036.72. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Paul Ross also recently made the following trade(s):

  • On Tuesday, November 20th, Paul Ross sold 3,691 shares of Trade Desk stock. The stock was sold at an average price of $110.55, for a total value of $408,040.05.
  • On Wednesday, October 17th, Paul Ross sold 3,682 shares of Trade Desk stock. The stock was sold at an average price of $128.50, for a total value of $473,137.00.
  • On Wednesday, September 12th, Paul Ross sold 7,142 shares of Trade Desk stock. The stock was sold at an average price of $144.85, for a total value of $1,034,518.70.

Shares of Trade Desk stock traded down $8.30 during trading on Friday, hitting $133.57. 1,500,044 shares of the stock traded hands, compared to its average volume of 1,587,884. The firm has a market capitalization of $6.13 billion, a PE ratio of 112.24, a price-to-earnings-growth ratio of 3.63 and a beta of 3.18. Trade Desk Inc has a 52 week low of $40.70 and a 52 week high of $161.50.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, November 8th. The technology company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.06). The firm had revenue of $118.80 million for the quarter, compared to the consensus estimate of $117.48 million. Trade Desk had a net margin of 15.62% and a return on equity of 22.86%. Trade Desk’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. On average, analysts expect that Trade Desk Inc will post 1.56 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Trade Desk by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,007,013 shares of the technology company’s stock valued at $453,788,000 after purchasing an additional 414,136 shares during the last quarter. BlackRock Inc. increased its position in shares of Trade Desk by 16.1% during the 3rd quarter. BlackRock Inc. now owns 2,312,897 shares of the technology company’s stock valued at $349,039,000 after purchasing an additional 320,518 shares during the last quarter. FMR LLC increased its position in shares of Trade Desk by 106.3% during the 2nd quarter. FMR LLC now owns 1,715,441 shares of the technology company’s stock valued at $160,908,000 after purchasing an additional 883,811 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Trade Desk by 1,770.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 678,262 shares of the technology company’s stock valued at $102,358,000 after purchasing an additional 718,872 shares during the last quarter. Finally, Baillie Gifford & Co. bought a new position in shares of Trade Desk during the 3rd quarter valued at about $89,937,000. Hedge funds and other institutional investors own 67.57% of the company’s stock.

Several research firms have weighed in on TTD. Zacks Investment Research cut Trade Desk from a “buy” rating to a “hold” rating in a report on Thursday, August 23rd. BidaskClub cut Trade Desk from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Nomura raised their price target on Trade Desk from $87.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, August 10th. SunTrust Banks raised their price target on Trade Desk to $120.00 and gave the company a “buy” rating in a report on Friday, August 10th. Finally, Stifel Nicolaus raised their price target on Trade Desk from $130.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $118.53.

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About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

Read More: Preferred Stock

Insider Buying and Selling by Quarter for Trade Desk (NASDAQ:TTD)

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