The Trade Desk, Inc. (NASDAQ:TTD) Insider Jay R. Grant Sells 141,434 Shares

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total transaction of $13,778,500.28. Following the completion of the sale, the insider now directly owns 188,236 shares of the company’s stock, valued at $18,337,951.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Trade Desk Price Performance

TTD opened at $98.34 on Wednesday. The company has a market capitalization of $48.10 billion, a PE ratio of 245.86, a price-to-earnings-growth ratio of 5.00 and a beta of 1.48. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $99.54. The business has a 50-day moving average of $92.96 and a 200-day moving average of $82.79.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $491.25 million for the quarter, compared to analyst estimates of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. On average, equities research analysts expect that The Trade Desk, Inc. will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trade Desk

A number of large investors have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV lifted its position in shares of Trade Desk by 11.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,494 shares of the technology company’s stock worth $146,000 after buying an additional 159 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Trade Desk by 17.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,824 shares of the technology company’s stock valued at $178,000 after acquiring an additional 266 shares in the last quarter. Ogborne Capital Management LLC lifted its holdings in Trade Desk by 28.8% in the 1st quarter. Ogborne Capital Management LLC now owns 300,000 shares of the technology company’s stock worth $26,226,000 after purchasing an additional 67,136 shares during the last quarter. Cambridge Trust Co. boosted its position in Trade Desk by 303.3% during the first quarter. Cambridge Trust Co. now owns 3,803 shares of the technology company’s stock worth $332,000 after purchasing an additional 2,860 shares during the period. Finally, Soltis Investment Advisors LLC grew its holdings in Trade Desk by 16.6% during the first quarter. Soltis Investment Advisors LLC now owns 4,242 shares of the technology company’s stock valued at $371,000 after purchasing an additional 605 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TTD shares. Truist Financial restated a “buy” rating and issued a $105.00 target price on shares of Trade Desk in a research report on Thursday, May 16th. DA Davidson raised their target price on Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Piper Sandler reiterated an “overweight” rating and issued a $110.00 target price on shares of Trade Desk in a report on Tuesday, June 11th. BMO Capital Markets restated an “outperform” rating and set a $108.00 target price (up from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

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.