The Trade Desk, Inc. (NASDAQ:TTD) CFO Laura Schenkein Sells 25,000 Shares

The Trade Desk, Inc. (NASDAQ:TTD) CFO Laura Schenkein sold 25,000 shares of the stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $100.43, for a total transaction of $2,510,750.00. Following the completion of the transaction, the chief financial officer now owns 703,038 shares of the company’s stock, valued at approximately $70,606,106.34. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Laura Schenkein also recently made the following trade(s):

• On Friday, June 14th, Laura Schenkein sold 43,705 shares of Trade Desk stock. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90.

Trade Desk Stock Performance

TTD stock traded down $1.25 during mid-day trading on Thursday, hitting $98.57. 3,403,791 shares of the company were exchanged, compared to its average volume of 4,160,503. The firm has a market cap of $48.21 billion, a P/E ratio of 246.43, a P/E/G ratio of 5.07 and a beta of 1.48. The firm’s 50 day simple moving average is $94.86 and its 200 day simple moving average is $83.76. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $102.67.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $491.25 million for the quarter, compared to the consensus estimate 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 predict that The Trade Desk, Inc. will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently made changes to their positions in the business. Global Assets Advisory LLC bought a new position in shares of Trade Desk during the 1st quarter worth approximately $2,626,000. Franklin Resources Inc. grew its stake in shares of Trade Desk by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock valued at $28,346,000 after buying an additional 53,441 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Trade Desk by 31.7% in the fourth quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock valued at $44,226,000 after buying an additional 147,717 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Trade Desk by 30.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after buying an additional 67,520 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after buying an additional 28,714 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TTD. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Trade Desk in a report on Tuesday. DA Davidson upped their target price on shares of Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Susquehanna reaffirmed a “positive” rating and issued a $110.00 target price on shares of Trade Desk in a report on Thursday, May 16th. Royal Bank of Canada upped their target price on shares of Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Finally, Piper Sandler reissued an “overweight” rating and set a $110.00 price objective on shares of Trade Desk in a report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and a consensus target price of $93.69.

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.