Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells 200,000 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD) 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.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The firm had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same period in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, analysts predict that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

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.

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.