The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) CEO Jeffrey Terry Green sold 200,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $108.68, for a total value of $21,736,000.00. Following the completion of the transaction, the chief executive officer now owns 565,180 shares of the company’s stock, valued at $61,423,762.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jeffrey Terry Green also recently made the following trade(s):
- On Friday, September 20th, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $109.47, for a total transaction of $21,894,000.00.
- On Monday, August 26th, Jeffrey Terry Green sold 283,429 shares of Trade Desk stock. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80.
- On Thursday, August 22nd, Jeffrey Terry Green sold 135,922 shares of Trade Desk stock. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84.
Trade Desk Trading Up 2.1 %
TTD traded up $2.26 on Tuesday, hitting $110.79. The company had a trading volume of 2,379,862 shares, compared to its average volume of 3,964,454. The firm has a market cap of $54.19 billion, a P/E ratio of 271.33, a PEG ratio of 5.07 and a beta of 1.48. The company’s fifty day moving average price is $98.92 and its 200 day moving average price is $93.27. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $111.80.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of TTD. Vanguard Group Inc. lifted its stake in Trade Desk by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock worth $3,003,666,000 after acquiring an additional 818,568 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Trade Desk by 10.5% during the second quarter. 1832 Asset Management L.P. now owns 2,852,700 shares of the technology company’s stock worth $278,623,000 after purchasing an additional 270,800 shares during the period. Jericho Capital Asset Management L.P. lifted its position in shares of Trade Desk by 4.3% during the first quarter. Jericho Capital Asset Management L.P. now owns 2,419,355 shares of the technology company’s stock worth $211,500,000 after purchasing an additional 100,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Trade Desk by 10.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,214,832 shares of the technology company’s stock valued at $159,379,000 after purchasing an additional 209,222 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Trade Desk by 3.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,898,159 shares of the technology company’s stock valued at $165,937,000 after purchasing an additional 59,161 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TTD has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $111.00 target price (up from $105.00) on shares of Trade Desk in a research note on Friday, August 9th. KeyCorp upped their target price on Trade Desk from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Truist Financial increased their price objective on shares of Trade Desk from $105.00 to $108.00 and gave the company a “buy” rating in a report on Friday, August 9th. Moffett Nathanson started coverage on shares of Trade Desk in a research report on Monday. They set a “neutral” rating and a $100.00 price target for the company. Finally, BTIG Research lifted their price objective on Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.71.
Read Our Latest Report on Trade Desk
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.
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