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 the 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 sale, the chief executive officer now directly owns 974,022 shares of the company’s stock, valued at $84,165,241.02. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $85.42, for a total value of $6,406,500.00.
• On Thursday, March 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $84.78, for a total value 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 value 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 Trading Down 2.4 %

Shares of NASDAQ TTD opened at $80.13 on Thursday. The Trade Desk, Inc. has a 12 month low of $59.36 and a 12 month high of $94.00. The firm has a market capitalization of $39.18 billion, a price-to-earnings ratio of 222.59, a PEG ratio of 4.53 and a beta of 1.50. The business has a 50-day moving average of $82.64 and a 200-day moving average of $75.63.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, February 15th. The technology company reported $0.19 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 business had revenue of $605.80 million for the quarter, compared to analysts’ expectations of $582.61 million. On average, analysts predict that The Trade Desk, Inc. will post 0.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTD. BTIG Research raised their target price on Trade Desk from $91.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Trade Desk in a research report on Monday, February 12th. KeyCorp raised their target price on Trade Desk from $84.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Susquehanna raised their target price on Trade Desk from $75.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, February 16th. Finally, Stephens reaffirmed an “overweight” rating and set a $85.00 target price on shares of Trade Desk in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TTD. Jennison Associates LLC grew its holdings 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 worth $1,049,619,000 after purchasing an additional 6,978,352 shares in the last quarter. Norges Bank purchased a new stake in Trade Desk in the fourth quarter worth approximately $255,316,000. ARK Investment Management LLC boosted its stake in Trade Desk by 1,162.0% in the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock worth $154,689,000 after buying an additional 1,979,319 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Trade Desk in the third quarter worth approximately $99,035,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Trade Desk by 10.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company’s stock worth $599,275,000 after buying an additional 1,239,936 shares in the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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.