Insider Selling: Trade Desk (NASDAQ:TTD) Director Sells 53,681 Shares of Stock

The Trade Desk (NASDAQ:TTD) Director Samantha Jacobson sold 53,681 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Trade Desk Price Performance

TTD stock traded up $1.66 during trading hours on Monday, reaching $23.22. 22,863,810 shares of the stock were exchanged, compared to its average volume of 18,691,230. The firm’s 50-day moving average is $22.25 and its 200-day moving average is $29.68. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.04 and a beta of 1.05. The Trade Desk has a 12 month low of $19.74 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The business had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. As a group, equities research analysts forecast that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk announced that its board has initiated a share repurchase program on Wednesday, February 25th that authorizes the company to buyback $350.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

TTD has been the subject of several analyst reports. Rosenblatt Securities dropped their price objective on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Morgan Stanley set a $26.00 target price on shares of Trade Desk in a report on Friday, May 8th. Benchmark decreased their price target on shares of Trade Desk from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, May 8th. DA Davidson set a $29.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Trade Desk in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Trade Desk currently has an average rating of “Hold” and a consensus price target of $33.91.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently bought and sold shares of TTD. State Street Corp increased its stake in Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after buying an additional 12,321,000 shares during the last quarter. Norges Bank purchased a new position in shares of Trade Desk in the 4th quarter worth about $197,550,000. Federated Hermes Inc. boosted its holdings in shares of Trade Desk by 1,041.1% in the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after buying an additional 4,298,009 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Trade Desk by 676.6% in the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after buying an additional 3,666,189 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.