Jeffrey Terry Green Sells 80,649 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 80,649 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $115.50, for a total value of $9,314,959.50. Following the completion of the sale, the chief executive officer now directly owns 7,330 shares of the company’s stock, valued at $846,615. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Jeffrey Terry Green also recently made the following trade(s):

• On Monday, October 7th, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $112.30, for a total value of $22,460,000.00.
• On Friday, October 4th, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $112.96, for a total value of $22,592,000.00.
• On Wednesday, September 25th, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $110.54, for a total value of $22,108,000.00.
• On Monday, September 23rd, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $108.68, for a total value of $21,736,000.00.
• 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 value of $21,894,000.00.
• On Monday, August 26th, Jeffrey Terry Green sold 283,429 shares of Trade Desk stock. The stock was 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 stock was sold at an average price of $103.72, for a total value of $14,097,829.84.

Trade Desk Stock Up 1.9 %

Shares of Trade Desk stock opened at $117.90 on Friday. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $118.34. The firm has a market cap of $57.96 billion, a PE ratio of 235.80, a P/E/G ratio of 5.57 and a beta of 1.48. The business’s fifty day moving average is $104.17 and its two-hundred day moving average is $96.13.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wolfe Research assumed coverage on Trade Desk in a research report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 target price on the stock. Robert W. Baird boosted their target price on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 target price (up previously from $105.00) on shares of Trade Desk in a research report on Friday, August 9th. Finally, BTIG Research upped their price target on Trade Desk from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $111.05.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TTD. Creative Planning raised its position in shares of Trade Desk by 10.6% in the 3rd quarter. Creative Planning now owns 129,599 shares of the technology company’s stock worth $14,211,000 after buying an additional 12,384 shares during the period. Compagnie Lombard Odier SCmA raised its position in shares of Trade Desk by 6.2% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,123 shares of the technology company’s stock worth $233,000 after buying an additional 123 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of Trade Desk in the 3rd quarter worth $213,000. Annex Advisory Services LLC purchased a new position in shares of Trade Desk in the 3rd quarter worth $210,000. Finally, Inspire Investing LLC purchased a new position in shares of Trade Desk in the 3rd quarter worth $2,245,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

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.