Jeffrey Terry Green Sells 2,600 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

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

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 stock was 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 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 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 shares were sold at an average price of $81.77, for a total value of $6,132,750.00.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $80.81 on Friday. The business has a fifty day moving average price of $82.85 and a 200 day moving average price of $75.67. The stock has a market capitalization of $39.51 billion, a P/E ratio of 224.48, a price-to-earnings-growth ratio of 4.42 and a beta of 1.50. The Trade Desk, Inc. has a 1-year low of $59.36 and a 1-year high of $94.00.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data 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). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The firm had revenue of $605.80 million during the quarter, compared to analysts’ expectations of $582.61 million. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTD has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Stifel Nicolaus upped their target price on Trade Desk from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Oppenheimer lifted their target price on Trade Desk from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Benchmark upped their price target on Trade Desk from $32.00 to $42.00 and gave the company a “sell” rating in a report on Friday, February 16th. Finally, Stephens reiterated an “overweight” rating and issued a $85.00 price objective on shares of Trade Desk in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.75.

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently added to or reduced their stakes in TTD. Pinnacle Bancorp Inc. boosted its position in Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after purchasing an additional 163 shares in the last quarter. Riverview Trust Co acquired a new position in Trade Desk in the 1st quarter worth about $27,000. NBC Securities Inc. purchased a new position in Trade Desk during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Trade Desk in the third quarter valued at approximately $26,000. Finally, Cullen Frost Bankers Inc. purchased a new position in Trade Desk during the third quarter valued at $29,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Company Profile

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.