Jeffrey Terry Green Sells 143,985 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 143,985 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $121.82, for a total value of $17,540,252.70. Following the transaction, the chief executive officer now directly owns 3,700 shares in the company, valued at $450,734. This represents a 97.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, January 21st, Jeffrey Terry Green sold 512,953 shares of Trade Desk stock. The shares were sold at an average price of $124.67, for a total transaction of $63,949,850.51.
• On Tuesday, January 7th, Jeffrey Terry Green sold 18,207 shares of Trade Desk stock. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08.

Trade Desk Trading Down 0.6 %

Shares of Trade Desk stock traded down $0.74 on Monday, hitting $117.94. 3,539,029 shares of the company traded hands, compared to its average volume of 3,461,532. The Trade Desk, Inc. has a 12-month low of $66.56 and a 12-month high of $141.53. The company has a market cap of $58.21 billion, a P/E ratio of 193.34, a P/E/G ratio of 3.75 and a beta of 1.45. The firm’s 50-day simple moving average is $125.25 and its 200 day simple moving average is $114.56.

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

Hedge Funds Weigh In On Trade Desk

Large investors have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its stake in Trade Desk by 68.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 287 shares of the technology company’s stock worth $34,000 after acquiring an additional 117 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Trade Desk in the fourth quarter valued at $35,000. Synergy Asset Management LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at about $34,000. Kestra Investment Management LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at about $39,000. Finally, Avior Wealth Management LLC boosted its holdings in Trade Desk by 37.7% in 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. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TTD shares. Wedbush raised their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. Cantor Fitzgerald reissued a “neutral” rating and set a $110.00 price target on shares of Trade Desk in a research report on Monday, October 7th. JMP Securities assumed coverage on Trade Desk in a research note on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 price objective on the stock. Wolfe Research lifted their price target on shares of Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Citigroup upped their price objective on Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and an average target price of $133.13.

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.