Laura Schenkein Sells 43,705 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) CFO Laura Schenkein sold 43,705 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $95.38, for a total transaction of $4,168,582.90. Following the transaction, the chief financial officer now directly owns 703,038 shares of the company’s stock, valued at approximately $67,055,764.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Trade Desk Price Performance

NASDAQ:TTD opened at $99.25 on Thursday. The Trade Desk, Inc. has a one year low of $60.23 and a one year high of $99.54. The business has a fifty day moving average price of $90.08 and a 200-day moving average price of $81.06. The firm has a market capitalization of $48.55 billion, a price-to-earnings ratio of 248.13, a price-to-earnings-growth ratio of 5.15 and a beta of 1.49.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The business had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. On average, equities research analysts expect that The Trade Desk, Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Trade Desk by 15.7% in the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after purchasing an additional 53,441 shares in the last quarter. Nordea Investment Management AB increased its stake in Trade Desk by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company’s stock worth $44,226,000 after buying an additional 147,717 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Trade Desk by 30.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company’s stock valued at $21,078,000 after acquiring an additional 67,520 shares during the period. Raymond James & Associates lifted its position in shares of Trade Desk by 12.8% in the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company’s stock valued at $18,161,000 after acquiring an additional 28,714 shares in the last quarter. Finally, Deane Retirement Strategies Inc. boosted its stake in shares of Trade Desk by 126.8% in the fourth quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company’s stock worth $1,887,000 after acquiring an additional 14,662 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TTD. Royal Bank of Canada upped their price target on Trade Desk from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Stifel Nicolaus raised their price target on Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 9th. BTIG Research upped their price target on shares of Trade Desk from $91.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets restated an “outperform” rating and set a $108.00 price objective (up from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Finally, Citigroup upped their target price on shares of Trade Desk from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.69.

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.