The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells $2,235,908.35 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 20,579 shares of Trade Desk stock in a transaction on Monday, September 30th. The stock was sold at an average price of $108.65, for a total value of $2,235,908.35. Following the sale, the insider now owns 178,853 shares in the company, valued at $19,432,378.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Trade Desk Trading Up 2.5 %

Shares of Trade Desk stock opened at $111.46 on Friday. The business’s 50-day moving average price is $100.69 and its 200-day moving average price is $94.64. The firm has a market capitalization of $54.52 billion, a PE ratio of 273.73, a price-to-earnings-growth ratio of 5.27 and a beta of 1.48. The Trade Desk, Inc. has a 12 month low of $60.23 and a 12 month high of $112.22.

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

Institutional Trading of Trade Desk

Several institutional investors have recently added to or reduced their stakes in TTD. 1832 Asset Management L.P. bought a new position in shares of Trade Desk in the first quarter worth approximately $225,710,000. Marshall Wace LLP increased its position in shares of Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock valued at $170,275,000 after acquiring an additional 872,555 shares during the period. Vanguard Group Inc. raised its stake in shares of Trade Desk by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after acquiring an additional 818,568 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Trade Desk by 3,973.6% during the second quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock worth $43,836,000 after purchasing an additional 437,967 shares during the period. Finally, Steadfast Capital Management LP grew its stake in shares of Trade Desk by 78.3% in the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after purchasing an additional 431,600 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTD has been the topic of a number of research analyst reports. BTIG Research boosted their price target on shares of Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Loop Capital increased their target price on shares of Trade Desk from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Benchmark lifted their price target on shares of Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a report on Friday, August 9th. Needham & Company LLC increased their price objective on Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wolfe Research started coverage on Trade Desk in a research report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.89.

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.