Trade Desk (NASDAQ:TTD) announced its earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.16, Bloomberg Earnings reports. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $103.87 million. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was up 54.3% compared to the same quarter last year.
Trade Desk stock traded up $1.10 during midday trading on Friday, hitting $141.88. The stock had a trading volume of 506,077 shares, compared to its average volume of 1,531,479. The firm has a market cap of $6.08 billion, a P/E ratio of 119.23, a P/E/G ratio of 3.95 and a beta of 2.04. Trade Desk has a 12 month low of $40.70 and a 12 month high of $143.47.
In other Trade Desk news, COO Robert David Perdue sold 20,000 shares of Trade Desk stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $93.21, for a total value of $1,864,200.00. Following the completion of the transaction, the chief operating officer now directly owns 152,093 shares in the company, valued at $14,176,588.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul Ross sold 4,382 shares of Trade Desk stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $92.41, for a total value of $404,940.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 432,391 shares of company stock valued at $42,390,433. 26.87% of the stock is owned by corporate insiders.
Trade Desk Company Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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