The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $6,406,500.00 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 75,000 shares of Trade Desk stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $85.42, for a total transaction of $6,406,500.00. Following the completion of the sale, the chief executive officer now owns 1,117,629 shares of the company’s stock, valued at approximately $95,467,869.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, March 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $84.78, for a total transaction of $6,358,500.00.
• On Friday, February 23rd, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $82.31, for a total transaction of $6,173,250.00.
• On Wednesday, February 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00.

Trade Desk Stock Performance

NASDAQ:TTD opened at $87.21 on Thursday. The firm’s fifty day moving average is $77.57 and its 200-day moving average is $75.03. The Trade Desk, Inc. has a 52 week low of $57.17 and a 52 week high of $94.00. The firm has a market cap of $42.64 billion, a P/E ratio of 242.26, a P/E/G ratio of 4.83 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. The firm had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. As a group, sell-side analysts anticipate that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently modified their holdings of TTD. MetLife Investment Management LLC acquired a new position in shares of Trade Desk during the 1st quarter valued at $1,946,000. Synovus Financial Corp lifted its position in shares of Trade Desk by 32.8% during the 1st quarter. Synovus Financial Corp now owns 8,079 shares of the technology company’s stock valued at $561,000 after acquiring an additional 1,996 shares during the period. Vontobel Holding Ltd. lifted its position in shares of Trade Desk by 43.0% during the 1st quarter. Vontobel Holding Ltd. now owns 14,220 shares of the technology company’s stock valued at $1,019,000 after acquiring an additional 4,276 shares during the period. Aviva PLC lifted its position in shares of Trade Desk by 8.5% during the 1st quarter. Aviva PLC now owns 103,185 shares of the technology company’s stock valued at $7,146,000 after acquiring an additional 8,059 shares during the period. Finally, National Pension Service lifted its position in shares of Trade Desk by 11.2% during the 1st quarter. National Pension Service now owns 657,768 shares of the technology company’s stock valued at $45,550,000 after acquiring an additional 66,179 shares during the period. 67.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TTD shares. Susquehanna boosted their target price on shares of Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Wells Fargo & Company boosted their target price on shares of Trade Desk from $73.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. BMO Capital Markets boosted their target price on shares of Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Royal Bank of Canada boosted their target price on shares of Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, KeyCorp boosted their target price on shares of Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.75.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.