The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green Sells 200,000 Shares

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total value of $22,108,000.00. Following the completion of the transaction, the chief executive officer now owns 365,180 shares in the company, valued at approximately $40,366,997.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, September 23rd, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00.
• On Friday, September 20th, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00.
• On Monday, August 26th, Jeffrey Terry Green sold 283,429 shares of Trade Desk stock. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80.
• On Thursday, August 22nd, Jeffrey Terry Green sold 135,922 shares of Trade Desk stock. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84.

Trade Desk Stock Up 0.1 %

Shares of Trade Desk stock opened at $109.45 on Monday. The firm has a market cap of $53.80 billion, a P/E ratio of 273.63, a P/E/G ratio of 5.33 and a beta of 1.48. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $112.22. The business has a 50-day moving average price of $99.96 and a 200 day moving average price of $94.09.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. Trade Desk’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 earnings per share. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Susquehanna lifted their target price on Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Cantor Fitzgerald restated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a research note on Monday, September 23rd. Robert W. Baird boosted their price objective on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Citigroup boosted their price objective on Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Benchmark boosted their price objective on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.05.

Hedge Funds Weigh In On Trade Desk

Several institutional investors have recently made changes to their positions in TTD. 1832 Asset Management L.P. bought a new position in shares of Trade Desk during the first quarter valued at approximately $225,710,000. Marshall Wace LLP boosted its position in shares of Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after buying an additional 872,555 shares during the period. Vanguard Group Inc. boosted its position in shares of Trade Desk by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after buying an additional 818,568 shares during the period. Acadian Asset Management LLC boosted its position in shares of Trade Desk by 3,973.6% during the second quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock worth $43,836,000 after buying an additional 437,967 shares during the period. Finally, Steadfast Capital Management LP boosted its position in shares of Trade Desk by 78.3% during the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after buying an additional 431,600 shares during the period. 67.77% of the stock is owned by 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.