The Trade Desk Inc. (NASDAQ:TTD) Insider Sells $459,450.00 in Stock
The Trade Desk Inc. (NASDAQ:TTD) insider Jeffrey Terry Green sold 9,000 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $51.05, for a total value of $459,450.00. Following the completion of the sale, the insider now owns 144,400 shares of the company’s stock, valued at $7,371,620. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of The Trade Desk Inc. (NASDAQ:TTD) traded down 1.22% during midday trading on Monday, hitting $50.39. The company had a trading volume of 464,657 shares. The Trade Desk Inc. has a 12 month low of $22.00 and a 12 month high of $57.57. The firm has a market capitalization of $2.01 billion and a PE ratio of 50.54. The company has a 50-day moving average of $51.94 and a 200 day moving average of $38.87.
The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.17. The firm had revenue of $53.40 million during the quarter, compared to analyst estimates of $43.30 million. The firm’s revenue was up 75.7% compared to the same quarter last year. On average, analysts expect that The Trade Desk Inc. will post $1.08 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new position in The Trade Desk during the first quarter valued at approximately $103,000. Nationwide Fund Advisors boosted its position in The Trade Desk by 181.5% in the first quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock valued at $105,000 after buying an additional 1,824 shares during the last quarter. Strs Ohio boosted its position in The Trade Desk by 100.0% in the first quarter. Strs Ohio now owns 3,400 shares of the technology company’s stock valued at $126,000 after buying an additional 1,700 shares during the last quarter. American International Group Inc. bought a new position in The Trade Desk during the first quarter valued at approximately $126,000. Finally, Quantbot Technologies LP bought a new position in The Trade Desk during the first quarter valued at approximately $226,000. 52.47% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on TTD shares. Zacks Investment Research cut The Trade Desk from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Royal Bank Of Canada upped their target price on The Trade Desk from $45.00 to $56.00 and gave the stock an “outperform” rating in a report on Friday, May 12th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $60.00 target price (up from $41.00) on shares of The Trade Desk in a report on Friday, May 12th. Vetr upgraded The Trade Desk from a “sell” rating to a “buy” rating and set a $40.00 target price for the company in a report on Thursday, March 30th. Finally, Needham & Company LLC upped their target price on The Trade Desk from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $52.67.
The 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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