The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) 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.
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.
Read Our Latest Stock Analysis on Trade Desk
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.
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