Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells $509,570.88 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Samantha Jacobson sold 4,298 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trade Desk Price Performance

Shares of TTD stock traded down $3.65 during trading hours on Thursday, reaching $118.94. 3,203,384 shares of the company traded hands, compared to its average volume of 3,476,131. The firm has a 50-day moving average price of $125.70 and a 200 day moving average price of $114.05. The company has a market cap of $58.71 billion, a P/E ratio of 194.98, a P/E/G ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $628.02 million for the quarter, compared to analysts’ expectations of $619.89 million. Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. During the same period in the prior year, the firm earned $0.08 EPS. Sell-side analysts predict that The Trade Desk, Inc. will post 0.87 EPS for the current year.

Institutional Investors Weigh In On Trade Desk

Institutional investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC boosted its position in shares of Trade Desk by 68.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Trade Desk in the 4th quarter worth $35,000. Synergy Asset Management LLC bought a new position in shares of Trade Desk during the 4th quarter valued at about $34,000. Avior Wealth Management LLC boosted its holdings in shares of Trade Desk by 37.7% during the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its position in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TTD shares. DA Davidson boosted their target price on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wedbush upped their price target on shares of Trade Desk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Morgan Stanley raised their price objective on shares of Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. BTIG Research lifted their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.13.

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.