The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) CEO Jeffrey Terry Green sold 66,007 shares of the business's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $87.38, for a total transaction of $5,767,691.66. Following the completion of the transaction, the chief executive officer now owns 1,051,622 shares of the company's stock, valued at approximately $91,890,730.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Jeffrey Terry Green also recently made the following trade(s):
- On Monday, March 25th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $85.42, for a total value of $6,406,500.00.
- On Thursday, March 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $84.78, for a total value of $6,358,500.00.
- On Friday, February 23rd, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $82.31, for a total value of $6,173,250.00.
- On Wednesday, February 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $81.77, for a total transaction of $6,132,750.00.
Trade Desk Price Performance
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Shares of Trade Desk stock opened at $85.83 on Friday. The Trade Desk, Inc. has a 1 year low of $57.17 and a 1 year high of $94.00. The business has a 50 day moving average price of $80.14 and a 200 day moving average price of $75.19. The company has a market capitalization of $41.97 billion, a P/E ratio of 238.42, a P/E/G ratio of 4.66 and a beta of 1.50.
Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.05). The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. As a group, research analysts expect that The Trade Desk, Inc. will post 0.79 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AE Wealth Management LLC lifted its stake in shares of Trade Desk by 0.5% during the 3rd quarter. AE Wealth Management LLC now owns 85,055 shares of the technology company's stock worth $6,647,000 after purchasing an additional 403 shares during the period. California Public Employees Retirement System boosted its stake in Trade Desk by 1.4% in the 3rd quarter. California Public Employees Retirement System now owns 808,509 shares of the technology company's stock worth $63,185,000 after buying an additional 11,356 shares during the last quarter. Nordea Investment Management AB grew its holdings in Trade Desk by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company's stock valued at $44,226,000 after buying an additional 147,717 shares during the period. Raymond James & Associates increased its stake in shares of Trade Desk by 12.8% during the 4th quarter. Raymond James & Associates now owns 252,370 shares of the technology company's stock valued at $18,161,000 after acquiring an additional 28,714 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its holdings in shares of Trade Desk by 14,112.7% during the 3rd quarter. Riverbridge Partners LLC now owns 479,962 shares of the technology company's stock worth $37,509,000 after acquiring an additional 476,585 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently commented on TTD. Truist Financial upped their price target on Trade Desk from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Oppenheimer boosted their price target on shares of Trade Desk from $85.00 to $105.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Seaport Res Ptn restated a "neutral" rating on shares of Trade Desk in a research report on Monday, February 12th. BTIG Research raised their price target on Trade Desk from $91.00 to $98.00 and gave the company a "buy" rating in a report on Friday, February 23rd. Finally, Royal Bank of Canada upped their price objective on Trade Desk from $90.00 to $105.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Trade Desk has a consensus rating of "Moderate Buy" and a consensus price target of $89.75.
Get Our Latest Stock Report on TTD
About Trade Desk
(
Get Free Report)
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.
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