Trade Desk Inc (NASDAQ:TTD) Director Eric B. Paley Sells 400 Shares

Trade Desk Inc (NASDAQ:TTD) Director Eric B. Paley sold 400 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $236.36, for a total value of $94,544.00. Following the transaction, the director now owns 28,767 shares of the company’s stock, valued at approximately $6,799,368.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TTD stock traded up $6.63 during midday trading on Wednesday, reaching $244.14. 1,597,585 shares of the company’s stock traded hands, compared to its average volume of 1,598,214. The company has a 50-day simple moving average of $218.99 and a two-hundred day simple moving average of $226.84. Trade Desk Inc has a 1-year low of $102.35 and a 1-year high of $289.51. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 127.16, a PEG ratio of 4.81 and a beta of 2.79. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.31.

Several equities analysts recently commented on the company. SunTrust Banks restated a “buy” rating and set a $285.00 target price on shares of Trade Desk in a research report on Wednesday, November 6th. BidaskClub upgraded Trade Desk from a “hold” rating to a “buy” rating in a research report on Thursday, November 21st. Nomura upgraded Trade Desk from a “reduce” rating to a “neutral” rating and raised their target price for the stock from $165.00 to $175.00 in a research report on Thursday, September 26th. ValuEngine downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded Trade Desk from a “sector perform” rating to an “outperform” rating and set a $250.00 target price for the company in a research report on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $226.13.

Hedge funds have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. acquired a new stake in Trade Desk during the 2nd quarter valued at $27,000. Quest Capital Management Inc. ADV acquired a new stake in shares of Trade Desk in the 3rd quarter valued at $30,000. Wealthcare Advisory Partners LLC increased its stake in shares of Trade Desk by 560.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 165 shares of the technology company’s stock valued at $31,000 after buying an additional 140 shares during the period. Coastal Investment Advisors Inc. acquired a new stake in shares of Trade Desk in the 2nd quarter valued at $34,000. Finally, Banco de Sabadell S.A acquired a new stake in shares of Trade Desk in the 2nd quarter valued at $36,000. 66.48% of the stock is owned by hedge funds and other institutional investors.

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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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

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