Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells 512,953 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 512,953 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $124.67, for a total value of $63,949,850.51. Following the completion of the transaction, the chief executive officer now owns 243,476 shares of the company’s stock, valued at $30,354,152.92. The trade was a 67.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, January 7th, Jeffrey Terry Green sold 18,207 shares of Trade Desk stock. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08.

Trade Desk Stock Performance

Shares of TTD stock traded down $1.55 during trading on Thursday, hitting $119.14. The company had a trading volume of 5,639,363 shares, compared to its average volume of 3,395,562. The firm has a market capitalization of $58.80 billion, a P/E ratio of 195.31, a price-to-earnings-growth ratio of 3.94 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The stock’s 50-day moving average price is $125.80 and its 200 day moving average price is $113.33.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTD. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research note on Saturday, November 30th. Macquarie upped their price target on shares of Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Scotiabank assumed coverage on shares of Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price objective for the company. BTIG Research upped their target price on shares of Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, JMP Securities initiated coverage on shares of Trade Desk in a research note on Tuesday. They issued a “mkt outperform” rating and a $150.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.13.

Institutional Investors Weigh In On Trade Desk

A number of large investors have recently bought and sold shares of TTD. AE Wealth Management LLC raised its holdings in shares of Trade Desk by 3.9% during the 2nd quarter. AE Wealth Management LLC now owns 4,176 shares of the technology company’s stock worth $408,000 after buying an additional 155 shares in the last quarter. Pacer Advisors Inc. raised its stake in Trade Desk by 58.7% during the second quarter. Pacer Advisors Inc. now owns 48,876 shares of the technology company’s stock worth $4,774,000 after acquiring an additional 18,087 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Trade Desk by 19.9% in the second quarter. Sei Investments Co. now owns 295,240 shares of the technology company’s stock worth $28,836,000 after acquiring an additional 49,052 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Trade Desk by 19.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the technology company’s stock valued at $98,000 after purchasing an additional 176 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Trade Desk by 60.8% during the 2nd quarter. Bank of Montreal Can now owns 644,779 shares of the technology company’s stock valued at $63,143,000 after purchasing an additional 243,771 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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.