Jeffrey Terry Green Sells 135,922 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 135,922 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $103.72, for a total value of $14,097,829.84. Following the transaction, the chief executive officer now owns 664,261 shares in the company, valued at approximately $68,897,150.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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.

Trade Desk Price Performance

Shares of TTD stock traded down $1.03 during trading on Monday, reaching $103.97. The company had a trading volume of 2,110,446 shares, compared to its average volume of 4,116,683. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $105.39. The firm’s 50 day simple moving average is $96.61 and its two-hundred day simple moving average is $89.81. The company has a market capitalization of $51.11 billion, a PE ratio of 259.93, a PEG ratio of 5.23 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same period last year, the business posted $0.07 EPS. Trade Desk’s revenue was up 25.9% compared to the same quarter last year. Analysts forecast that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Trade Desk in the fourth quarter valued at $255,316,000. 1832 Asset Management L.P. acquired a new stake in Trade Desk during the first quarter valued at approximately $225,710,000. Marshall Wace LLP lifted its position in shares of Trade Desk by 100.2% during the 2nd 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. raised its stake in 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 acquiring an additional 818,568 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Trade Desk by 81.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,465,701 shares of the technology company’s stock valued at $105,472,000 after acquiring an additional 659,337 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Macquarie reissued an “outperform” rating and set a $115.00 target price on shares of Trade Desk in a research report on Friday, August 9th. Loop Capital upped their price objective on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC increased their price target on Trade Desk from $100.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 9th. Piper Sandler restated an “overweight” rating and set a $110.00 price objective on shares of Trade Desk in a report on Tuesday, June 11th. Finally, Wolfe Research assumed coverage on Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.72.

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.