Key Points
- Director Samantha Jacobson sold 53,681 shares of Trade Desk at an average price of $21.14, reducing her stake by about 80% and generating roughly $1.13 million in proceeds.
- Trade Desk shares rose 7.7% to $23.22, even after the company recently reported earnings of $0.08 per share, missing analyst expectations of $0.32 per share.
- Wall Street remains cautious: the stock has a consensus “Hold” rating, though analysts’ price targets vary, and the company has an active $350 million share repurchase authorization.
The Trade Desk (NASDAQ:TTD - Get Free Report) Director Samantha Jacobson sold 53,681 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the transaction, the director owned 13,099 shares of the company's stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Trade Desk Stock Up 7.7%
Shares of TTD stock opened at $23.22 on Tuesday. The stock has a market cap of $10.92 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.04 and a beta of 1.10. The business's fifty day moving average is $22.25 and its 200 day moving average is $29.53. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45.
Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The firm had revenue of $688.86 million for the quarter, compared to analysts' expectations of $678.87 million. During the same period in the prior year, the business posted $0.33 EPS. The business's quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts expect that The Trade Desk will post 1.17 earnings per share for the current fiscal year.
Trade Desk declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.
More Trade Desk News
Here are the key news stories impacting Trade Desk this week:
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on TTD. Morgan Stanley set a $26.00 price objective on shares of Trade Desk in a report on Friday, May 8th. Weiss Ratings cut Trade Desk from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, May 8th. Guggenheim cut their price target on Trade Desk from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada set a $33.00 price objective on Trade Desk and gave the company an "outperform" rating in a research report on Friday, May 8th. Finally, Truist Financial set a $35.00 price objective on Trade Desk and gave the company a "buy" rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of "Hold" and a consensus target price of $33.91.
Read Our Latest Stock Report on Trade Desk
Institutional Trading of Trade Desk
Institutional investors and hedge funds have recently modified their holdings of the business. Elevation Wealth Partners LLC lifted its holdings in shares of Trade Desk by 2,382.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company's stock valued at $27,000 after purchasing an additional 691 shares in the last quarter. Albion Financial Group UT bought a new stake in Trade Desk in the 4th quarter worth about $30,000. Root Financial Partners LLC increased its holdings in Trade Desk by 219.4% in the 1st quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company's stock worth $30,000 after buying an additional 906 shares in the last quarter. CVA Family Office LLC raised its position in Trade Desk by 62.1% in the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company's stock worth $34,000 after buying an additional 344 shares during the last quarter. Finally, Bayforest Capital Ltd purchased a new position in Trade Desk in the 4th quarter worth about $35,000. Institutional investors own 67.77% of the company's stock.
About Trade Desk
(
Get Free Report)
The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.
Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.
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