The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $224,666.00 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 2,600 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $86.41, for a total value of $224,666.00. Following the completion of the transaction, the chief executive officer now owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, April 3rd, Jeffrey Terry Green sold 66,007 shares of Trade Desk stock. The shares were sold at an average price of $87.38, for a total value of $5,767,691.66.
• On Monday, March 25th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $85.42, for a total transaction 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 transaction 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 transaction of $6,173,250.00.
• On Wednesday, February 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00.

Trade Desk Price Performance

NASDAQ TTD opened at $80.81 on Friday. The company’s fifty day moving average price is $82.85 and its two-hundred day moving average price is $75.67. The Trade Desk, Inc. has a 12 month low of $59.36 and a 12 month high of $94.00. The company has a market capitalization of $39.51 billion, a price-to-earnings ratio of 224.48, a price-to-earnings-growth ratio of 4.42 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The business had revenue of $605.80 million during the quarter, compared to the consensus estimate of $582.61 million. As a group, analysts anticipate that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Hedge Funds Weigh In On Trade Desk

A number of large investors have recently bought and sold shares of the business. CAP Partners LLC lifted its holdings in Trade Desk by 5.8% in the first quarter. CAP Partners LLC now owns 5,823 shares of the technology company’s stock worth $509,000 after acquiring an additional 318 shares during the last quarter. Congress Wealth Management LLC DE lifted its holdings in Trade Desk by 9.0% in the first quarter. Congress Wealth Management LLC DE now owns 134,103 shares of the technology company’s stock worth $11,723,000 after acquiring an additional 11,086 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its holdings in Trade Desk by 1.3% in the first quarter. Blue Zone Wealth Advisors LLC now owns 65,324 shares of the technology company’s stock worth $5,711,000 after acquiring an additional 869 shares during the last quarter. Waterway Wealth Management LLC acquired a new stake in shares of Trade Desk in the first quarter valued at approximately $204,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Trade Desk in the first quarter valued at approximately $386,000. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on TTD shares. BTIG Research upped their price target on Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets boosted their target price on Trade Desk from $88.00 to $107.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Royal Bank of Canada raised their price target on shares of Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Truist Financial boosted their price objective on shares of Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Oppenheimer raised their target price on shares of Trade Desk from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, Trade Desk currently has an average rating of “Moderate Buy” and an average target price of $89.75.

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.