The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $21,894,000.00 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 200,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00. Following the transaction, the chief executive officer now directly owns 765,180 shares of the company’s stock, valued at approximately $83,764,254.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 23rd, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00.
• On Monday, August 26th, Jeffrey Terry Green sold 283,429 shares of Trade Desk stock. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80.
• On Thursday, August 22nd, Jeffrey Terry Green sold 135,922 shares of Trade Desk stock. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $109.36 on Friday. The stock has a market cap of $53.76 billion, a price-to-earnings ratio of 273.41, a P/E/G ratio of 5.33 and a beta of 1.48. The company has a 50 day moving average of $99.70 and a 200-day moving average of $93.70. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $112.22.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The business’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. Equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on TTD. Benchmark boosted their price target on shares of Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a report on Friday, August 9th. Wolfe Research initiated coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price target for the company. Wedbush reiterated an “outperform” rating and issued a $115.00 price objective (up from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. Piper Sandler restated an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Finally, BTIG Research upped their price target on Trade Desk from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $108.71.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Trade Desk by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 724,612 shares of the technology company’s stock worth $52,149,000 after purchasing an additional 35,164 shares in the last quarter. Quest Partners LLC acquired a new stake in Trade Desk during the 4th quarter worth $87,000. Assetmark Inc. lifted its holdings in Trade Desk by 46.4% during the fourth quarter. Assetmark Inc. now owns 1,876 shares of the technology company’s stock worth $135,000 after acquiring an additional 595 shares in the last quarter. Franklin Resources Inc. grew its stake in Trade Desk by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock valued at $28,346,000 after acquiring an additional 53,441 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Trade Desk by 23.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 132,013 shares of the technology company’s stock worth $9,500,000 after acquiring an additional 25,402 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

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.