The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $21,894,000.00 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00. Following the completion of the sale, the chief executive officer now owns 765,180 shares of the company’s stock, valued at approximately $83,764,254.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, September 23rd, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $108.68, for a total transaction of $21,736,000.00.
• On Monday, August 26th, Jeffrey Terry Green sold 283,429 shares of Trade Desk stock. The stock was sold at an average price of $104.20, for a total transaction 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 %

Shares of NASDAQ:TTD opened at $109.36 on Friday. The stock has a market capitalization of $53.76 billion, a PE ratio of 273.41, a P/E/G 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. The firm has a fifty day moving average price of $99.70 and a 200 day moving average price of $93.70.

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

Hedge Funds Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. grew its position in shares of Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after purchasing an additional 163 shares during the last quarter. Riverview Trust Co bought a new stake in Trade Desk during the 1st quarter valued at approximately $27,000. Bogart Wealth LLC grew its holdings in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after buying an additional 222 shares during the last quarter. Transcendent Capital Group LLC bought a new position in Trade Desk in the 2nd quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Trade Desk by 889.4% during the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock worth $33,000 after buying an additional 418 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TTD. StockNews.com downgraded Trade Desk from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI raised Trade Desk to a “strong-buy” rating in a report on Tuesday, August 6th. Moffett Nathanson started coverage on Trade Desk in a report on Monday. They set a “neutral” rating and a $100.00 price objective on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $110.00 target price on shares of Trade Desk in a report on Monday. Finally, Macquarie reissued an “outperform” rating and issued a $115.00 target price on shares of Trade Desk in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.

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.