Trade Desk (TTD) Shares Down 7.2% After Insider Selling

Trade Desk Inc (NASDAQ:TTD) shares traded down 7.2% on Wednesday following insider selling activity. The stock traded as low as $145.51 and last traded at $150.09. 4,175,904 shares traded hands during mid-day trading, an increase of 292% from the average session volume of 1,066,112 shares. The stock had previously closed at $161.70.

Specifically, CTO David Randall Pickles sold 13,900 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $162.43, for a total value of $2,257,777.00. Following the sale, the chief technology officer now directly owns 65,077 shares in the company, valued at $10,570,457.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian John Stempeck sold 33,158 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $155.01, for a total value of $5,139,821.58. Following the completion of the sale, the insider now owns 57,262 shares in the company, valued at $8,876,182.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,914 shares of company stock valued at $20,722,540. 23.54% of the stock is currently owned by company insiders.

A number of analysts have weighed in on TTD shares. Stifel Nicolaus restated a “hold” rating and issued a $144.00 price target on shares of Trade Desk in a research note on Wednesday. CIBC raised their price target on Trade Desk from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, December 14th. SunTrust Banks raised their price target on Trade Desk to $130.00 and gave the company a “buy” rating in a research note on Friday, November 9th. BidaskClub upgraded Trade Desk from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 16th. Finally, Zacks Investment Research cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Trade Desk has an average rating of “Buy” and an average target price of $123.58.

The company has a market capitalization of $6.84 billion, a P/E ratio of 126.13, a P/E/G ratio of 3.38 and a beta of 2.85.

Large investors have recently made changes to their positions in the company. First Mercantile Trust Co. boosted its stake in shares of Trade Desk by 109.3% during the 4th quarter. First Mercantile Trust Co. now owns 7,500 shares of the technology company’s stock worth $871,000 after acquiring an additional 3,916 shares in the last quarter. GenTrust LLC acquired a new position in shares of Trade Desk during the 3rd quarter worth approximately $311,000. SG Americas Securities LLC acquired a new position in shares of Trade Desk during the 4th quarter worth approximately $2,441,000. Hsbc Holdings PLC acquired a new position in shares of Trade Desk during the 3rd quarter worth approximately $291,000. Finally, LPL Financial LLC raised its position in shares of Trade Desk by 66.0% during the 3rd quarter. LPL Financial LLC now owns 30,275 shares of the technology company’s stock worth $4,569,000 after purchasing an additional 12,042 shares during the last quarter. 70.16% of the stock is currently owned by institutional investors and hedge funds.

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Trade Desk Company Profile (NASDAQ:TTD)

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.

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