Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells 4,298 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares in the company, valued at approximately $10,754,459.04. The trade was a 4.52 % 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 Down 3.0 %

Shares of Trade Desk stock traded down $3.65 during trading on Thursday, reaching $118.94. 3,203,384 shares of the company were exchanged, compared to its average volume of 3,476,131. The business has a 50-day moving average price of $125.70 and a 200-day moving average price of $114.05. The firm has a market capitalization of $58.71 billion, a price-to-earnings ratio of 194.98, a P/E/G ratio of 3.82 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $66.56 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 EPS 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 during the quarter, compared to the consensus estimate of $619.89 million. During the same period last year, the company earned $0.08 earnings per share. On average, equities research analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently made changes to their positions in TTD. Focus Financial Network Inc. grew its holdings in shares of Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock worth $456,000 after acquiring an additional 84 shares during the period. CAP Partners LLC boosted its position in shares of Trade Desk by 1.4% during the third quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock valued at $702,000 after purchasing an additional 86 shares in the last quarter. RMR Wealth Builders grew its stake in Trade Desk by 0.8% in the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after purchasing an additional 89 shares during the period. Quotient Wealth Partners LLC raised its holdings in Trade Desk by 4.2% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock worth $276,000 after purchasing an additional 94 shares in the last quarter. Finally, TFB Advisors LLC lifted its position in Trade Desk by 2.6% during the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock valued at $442,000 after buying an additional 94 shares during the period. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial increased their target price on Trade Desk from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Wells Fargo & Company lifted their price objective on Trade Desk from $141.00 to $142.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Royal Bank of Canada upped their target price on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Loop Capital lifted their price target on shares of Trade Desk from $120.00 to $145.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Citigroup upped their price objective on shares of Trade Desk from $115.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average price target of $133.13.

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.