Jeffrey Terry Green Sells 75,000 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $85.13, for a total transaction of $6,384,750.00. Following the completion of the transaction, the chief executive officer now directly owns 899,022 shares of the company’s stock, valued at approximately $76,533,742.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 29th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $84.47, for a total transaction of $6,335,250.00.
• On Monday, April 15th, Jeffrey Terry Green sold 2,600 shares of Trade Desk stock. The shares were sold at an average price of $86.41, for a total transaction of $224,666.00.
• 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 transaction of $5,767,691.66.
• 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 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 stock was 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 transaction of $6,132,750.00.

Trade Desk Trading Down 2.0 %

NASDAQ:TTD traded down $1.65 on Tuesday, hitting $82.85. The company had a trading volume of 2,440,408 shares, compared to its average volume of 4,456,404. The firm has a 50 day moving average of $83.38 and a two-hundred day moving average of $75.60. The stock has a market capitalization of $40.51 billion, a price-to-earnings ratio of 233.31, a PEG ratio of 4.67 and a beta of 1.50. The Trade Desk, Inc. has a 52 week low of $60.23 and a 52 week high of $94.00.

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

Hedge Funds Weigh In On Trade Desk

Several large investors have recently modified their holdings of TTD. Jennison Associates LLC raised its stake in shares of Trade Desk by 91.7% during the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock valued at $1,049,619,000 after acquiring an additional 6,978,352 shares during the last quarter. Norges Bank bought a new position in shares of Trade Desk during the fourth quarter valued at $255,316,000. ARK Investment Management LLC raised its stake in shares of Trade Desk by 1,162.0% during the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after acquiring an additional 1,979,319 shares during the last quarter. Eagle Asset Management Inc. bought a new position in shares of Trade Desk during the third quarter valued at $99,035,000. Finally, International Assets Investment Management LLC raised its stake in shares of Trade Desk by 6,600.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock valued at $78,549,000 after acquiring an additional 1,075,269 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Benchmark boosted their price objective on shares of Trade Desk from $32.00 to $42.00 and gave the stock a “sell” rating in a research note on Friday, February 16th. Seaport Res Ptn reiterated a “neutral” rating on shares of Trade Desk in a research note on Monday, February 12th. Royal Bank of Canada increased their target price on shares of Trade Desk from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Wells Fargo & Company increased their target price on shares of Trade Desk from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Finally, Oppenheimer increased their target price on shares of Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.