Samantha Jacobson Sells 53,681 Shares of Trade Desk (NASDAQ:TTD) Stock

The Trade Desk (NASDAQ:TTD) Director Samantha Jacobson sold 53,681 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $21.11 on Wednesday. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The stock’s 50-day moving average is $22.25 and its 200-day moving average is $29.53. The Trade Desk has a one year low of $19.74 and a one year high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts expect that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk declared that its board has authorized a share repurchase program on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Trade Desk

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nicholas Company Inc. grew its holdings in Trade Desk by 14.3% during the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock worth $38,596,000 after purchasing an additional 127,049 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Trade Desk by 62.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock valued at $8,515,000 after buying an additional 66,672 shares during the period. Jacobson & Schmitt Advisors LLC raised its stake in Trade Desk by 19.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after buying an additional 47,539 shares during the period. State of Michigan Retirement System acquired a new stake in shares of Trade Desk in the third quarter valued at approximately $5,906,000. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Trade Desk by 272.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock valued at $2,604,000 after buying an additional 50,209 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTD. Evercore set a $27.00 price objective on shares of Trade Desk in a research report on Friday, May 8th. Benchmark decreased their target price on shares of Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, May 8th. William Blair lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. BMO Capital Markets cut their price target on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Finally, Loop Capital downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $25.00 in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.91.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.