The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $6,358,500.00 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 75,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $84.78, for a total value of $6,358,500.00. Following the sale, the chief executive officer now directly owns 1,267,629 shares of the company’s stock, valued at $107,469,586.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 25th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $85.42, for a total value of $6,406,500.00.
• 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 value 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 value of $6,132,750.00.

Trade Desk Stock Performance

Trade Desk stock opened at $87.21 on Thursday. The company has a market capitalization of $42.64 billion, a price-to-earnings ratio of 242.26, a PEG ratio of 4.83 and a beta of 1.50. The Trade Desk, Inc. has a fifty-two week low of $57.17 and a fifty-two week high of $94.00. The stock has a fifty day moving average of $77.57 and a two-hundred day moving average of $75.03.

Trade Desk (NASDAQ:TTD) last announced 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). The business had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. On average, analysts forecast that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 9258 Wealth Management LLC grew its position in shares of Trade Desk by 2.2% in the third quarter. 9258 Wealth Management LLC now owns 6,091 shares of the technology company’s stock valued at $476,000 after purchasing an additional 131 shares during the period. Latitude Advisors LLC grew its position in shares of Trade Desk by 5.0% in the third quarter. Latitude Advisors LLC now owns 2,815 shares of the technology company’s stock valued at $220,000 after purchasing an additional 133 shares during the period. Newbridge Financial Services Group Inc. grew its position in Trade Desk by 8.7% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,875 shares of the technology company’s stock valued at $147,000 after acquiring an additional 150 shares during the period. Level Financial Advisors Inc. grew its position in Trade Desk by 50.0% during the fourth quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Finally, Sheaff Brock Investment Advisors LLC grew its position in Trade Desk by 1.6% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 9,292 shares of the technology company’s stock valued at $669,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. BTIG Research raised their price target on Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Piper Sandler raised their price target on Trade Desk from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Seaport Res Ptn reissued a “neutral” rating on shares of Trade Desk in a report on Monday, February 12th. Finally, BMO Capital Markets raised their price target on Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.