The Trade Desk, Inc. (NASDAQ:TTD) Director Sells $236,476.80 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) Director Gokul Rajaram sold 2,415 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the sale, the director now directly owns 34,056 shares of the company’s stock, valued at $3,334,763.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Trade Desk Stock Up 0.5 %

NASDAQ:TTD opened at $98.22 on Friday. The stock has a market cap of $48.04 billion, a P/E ratio of 245.56, a PEG ratio of 5.00 and a beta of 1.49. The business’s 50-day moving average price is $91.81 and its two-hundred day moving average price is $82.16. The Trade Desk, Inc. has a twelve month low of $60.23 and a twelve month high of $99.54.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. On average, equities research analysts expect that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on TTD shares. Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Trade Desk in a research report on Thursday, May 16th. Wedbush started coverage on shares of Trade Desk in a research note on Monday, June 17th. They set an “outperform” rating and a $110.00 price target for the company. Jefferies Financial Group upgraded Trade Desk from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $105.00 in a research note on Thursday, May 2nd. Piper Sandler reissued an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Finally, Loop Capital upped their price target on Trade Desk from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.69.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its holdings in shares of Trade Desk by 119.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares in the last quarter. Riverview Trust Co bought a new position in shares of Trade Desk during the first quarter valued at about $27,000. Bogart Wealth LLC boosted its holdings in Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after acquiring an additional 222 shares during the period. Level Financial Advisors Inc. increased its stake in Trade Desk by 50.0% in the 4th quarter. Level Financial Advisors Inc. now owns 450 shares of the technology company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after purchasing an additional 418 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

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.