Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $21,736,000.00 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00. Following the transaction, the chief executive officer now owns 565,180 shares of the company’s stock, valued at approximately $61,423,762.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, September 20th, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00.
• 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.
• On Thursday, August 22nd, Jeffrey Terry Green sold 135,922 shares of Trade Desk stock. The stock was sold at an average price of $103.72, for a total transaction of $14,097,829.84.

Trade Desk Trading Down 1.2 %

TTD stock opened at $109.36 on Friday. The company’s 50 day moving average is $99.70 and its 200 day moving average is $93.70. The stock has a market cap of $53.76 billion, a price-to-earnings ratio of 273.41, a price-to-earnings-growth ratio of 5.33 and a beta of 1.48. The Trade Desk, Inc. has a 1-year low of $60.23 and a 1-year high of $112.22.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Apella Capital LLC grew its holdings in shares of Trade Desk by 1.9% during the 2nd quarter. Apella Capital LLC now owns 5,384 shares of the technology company’s stock valued at $547,000 after purchasing an additional 100 shares during the last quarter. Wealth Alliance grew its stake in shares of Trade Desk by 0.6% during the second quarter. Wealth Alliance now owns 18,535 shares of the technology company’s stock valued at $1,810,000 after buying an additional 106 shares during the last quarter. RFP Financial Group LLC increased its holdings in shares of Trade Desk by 26.4% in the second quarter. RFP Financial Group LLC now owns 555 shares of the technology company’s stock worth $54,000 after buying an additional 116 shares during the period. HBK Sorce Advisory LLC lifted its stake in shares of Trade Desk by 2.0% in the 2nd quarter. HBK Sorce Advisory LLC now owns 6,265 shares of the technology company’s stock valued at $612,000 after acquiring an additional 125 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in Trade Desk by 4.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 2,924 shares of the technology company’s stock valued at $297,000 after acquiring an additional 127 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTD. Benchmark boosted 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. Royal Bank of Canada boosted their target price on Trade Desk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Oppenheimer increased their price target on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wolfe Research started coverage on Trade Desk in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 price objective on the stock. Finally, Moffett Nathanson assumed coverage on Trade Desk in a research report on Monday. They set a “neutral” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.71.

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.