The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green Sells 143,985 Shares

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 143,985 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $121.82, for a total value of $17,540,252.70. Following the sale, the chief executive officer now owns 3,700 shares of the company’s stock, valued at $450,734. This represents a 97.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, January 21st, Jeffrey Terry Green sold 512,953 shares of Trade Desk stock. The stock was sold at an average price of $124.67, for a total transaction of $63,949,850.51.
• On Tuesday, January 7th, Jeffrey Terry Green sold 18,207 shares of Trade Desk stock. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08.

Trade Desk Stock Performance

Shares of NASDAQ TTD traded down $0.74 during trading hours on Monday, reaching $117.94. 3,539,029 shares of the stock were exchanged, compared to its average volume of 3,461,532. The firm has a market capitalization of $58.21 billion, a price-to-earnings ratio of 193.34, a P/E/G ratio of 3.75 and a beta of 1.45. The stock’s fifty day simple moving average is $125.25 and its 200 day simple moving average is $114.56. The Trade Desk, Inc. has a 52 week low of $66.56 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The company had revenue of $628.02 million for the quarter, compared to the consensus estimate of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same period in the previous year, the firm posted $0.08 EPS. Research analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TTD shares. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. DA Davidson increased their target price on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Saturday, November 30th. Oppenheimer lifted their target price on shares of Trade Desk from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, KeyCorp boosted their price target on Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

Institutional Trading of Trade Desk

Large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of Trade Desk by 21.4% during the 4th quarter. First Horizon Advisors Inc. now owns 3,051 shares of the technology company’s stock valued at $359,000 after purchasing an additional 537 shares in the last quarter. Lane & Associates LLC increased its stake in Trade Desk by 2.6% in the 4th quarter. Lane & Associates LLC now owns 4,256 shares of the technology company’s stock worth $505,000 after purchasing an additional 108 shares during the period. WP Advisors LLC bought a new stake in Trade Desk during the 4th quarter valued at $206,000. ING Groep NV bought a new stake in shares of Trade Desk in the fourth quarter worth about $1,291,000. Finally, First Bank & Trust bought a new stake in shares of Trade Desk in the 4th quarter worth approximately $535,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

About Trade Desk

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.