The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) CEO Jeffrey Terry Green sold 512,953 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $124.67, for a total value of $63,949,850.51. Following the transaction, the chief executive officer now directly owns 243,476 shares of the company's stock, valued at $30,354,152.92. This represents a 67.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Jeffrey Terry Green also recently made the following trade(s):
Shares of TTD stock traded down $1.55 during trading hours on Thursday, reaching $119.14. 5,639,363 shares of the company were exchanged, compared to its average volume of 3,395,562. The Trade Desk, Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $141.53. The stock's fifty day moving average is $125.80 and its two-hundred day moving average is $113.33. The company has a market cap of $58.80 billion, a price-to-earnings ratio of 195.31, a P/E/G ratio of 3.94 and a beta of 1.45.
Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.21). The firm had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. During the same quarter in the previous year, the business earned $0.08 earnings per share. On average, research analysts anticipate that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.
A number of brokerages recently issued reports on TTD. Piper Sandler reaffirmed an "overweight" rating and set a $140.00 target price (up previously from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. DA Davidson upped their price objective on shares of Trade Desk from $108.00 to $134.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Loop Capital lifted their target price on Trade Desk from $120.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Evercore ISI raised their price objective on Trade Desk from $110.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, Stifel Nicolaus boosted their price objective on Trade Desk from $111.00 to $136.00 and gave the company a "buy" rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $133.13.
Check Out Our Latest Stock Report on TTD
Several large investors have recently bought and sold shares of the business. Ithaka Group LLC raised its holdings in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company's stock worth $12,378,000 after purchasing an additional 4,836 shares during the period. Venture Visionary Partners LLC increased its position in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company's stock worth $1,898,000 after acquiring an additional 4,296 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Trade Desk by 36.2% during the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company's stock worth $159,132,000 after acquiring an additional 358,350 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company's stock worth $8,066,000 after acquiring an additional 70,687 shares during the period. Finally, Swiss National Bank boosted its stake in Trade Desk by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company's stock worth $144,892,000 after purchasing an additional 4,500 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.
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.
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