Trade Desk (NASDAQ:TTD) Shares Unloaded Rep. James Comer

Representative James Comer (R-Kentucky) recently sold shares of The Trade Desk, Inc. (NASDAQ:TTD). In a filing disclosed on February 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Trade Desk stock on February 4th.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Palantir Technologies (NASDAQ:PLTR) on 1/21/2025.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Amphenol (NYSE:APH) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 1/2/2025.

Trade Desk Stock Performance

Shares of TTD stock opened at $122.23 on Thursday. The stock’s 50 day simple moving average is $123.20 and its 200 day simple moving average is $115.54. The company has a market capitalization of $60.33 billion, a price-to-earnings ratio of 200.38, a PEG ratio of 3.63 and a beta of 1.45. The Trade Desk, Inc. has a twelve month low of $71.11 and a twelve month high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. On average, analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that authorizes the company to repurchase $564.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 18,524 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now owns 169,464 shares of the company’s stock, valued at approximately $20,225,528.40. The trade was a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now directly owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock valued at $5,004,296 over the last quarter. 9.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTD. JMP Securities initiated coverage on shares of Trade Desk in a report on Tuesday, January 21st. They set a “mkt outperform” rating and a $150.00 target price for the company. Morgan Stanley lifted their target price on Trade Desk from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Piper Sandler reissued an “overweight” rating and set a $140.00 price target (up from $110.00) on shares of Trade Desk in a research report on Friday, November 8th. Macquarie boosted their price target on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Citigroup increased their price objective on Trade Desk from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.20.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently modified their holdings of the business. Pitcairn Co. lifted its position in Trade Desk by 313.9% during the fourth quarter. Pitcairn Co. now owns 17,654 shares of the technology company’s stock worth $2,075,000 after purchasing an additional 13,389 shares during the period. Motley Fool Asset Management LLC lifted its position in Trade Desk by 14.7% during the fourth quarter. Motley Fool Asset Management LLC now owns 25,647 shares of the technology company’s stock worth $3,014,000 after purchasing an additional 3,284 shares during the period. World Investment Advisors lifted its position in Trade Desk by 3.5% during the fourth quarter. World Investment Advisors now owns 9,163 shares of the technology company’s stock worth $1,077,000 after purchasing an additional 314 shares during the period. Nicolet Advisory Services LLC lifted its position in Trade Desk by 12.2% during the fourth quarter. Nicolet Advisory Services LLC now owns 2,322 shares of the technology company’s stock worth $276,000 after purchasing an additional 252 shares during the period. Finally, OneAscent Financial Services LLC bought a new stake in Trade Desk during the fourth quarter worth about $236,000. Institutional investors own 67.77% of the company’s stock.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky’s 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027.

Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky’s 1st Congressional District. He declared candidacy for the 2026 election.

Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

About Trade Desk

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.