The Trade Desk Inc. (NASDAQ:TTD) insider Brian John Stempeck sold 10,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $64.18, for a total transaction of $641,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
The Trade Desk Inc. (NASDAQ:TTD) opened at 62.68 on Friday. The company’s 50 day moving average is $61.58 and its 200 day moving average is $61.58. The stock has a market cap of $2.56 billion and a PE ratio of 57.88. The Trade Desk Inc. has a one year low of $22.01 and a one year high of $67.30.
The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.29. The company had revenue of $72.80 million during the quarter, compared to the consensus estimate of $68.02 million. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The company’s revenue was up 54.2% on a year-over-year basis. On average, equities research analysts expect that The Trade Desk Inc. will post $1.43 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in TTD. Advisor Group Inc. increased its holdings in shares of The Trade Desk by 9,856.5% in the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock valued at $115,000 after purchasing an additional 2,267 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of The Trade Desk by 665.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock valued at $117,000 after purchasing an additional 2,029 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of The Trade Desk by 181.5% in the 1st quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,824 shares in the last quarter. American International Group Inc. purchased a new position in shares of The Trade Desk in the 1st quarter valued at about $126,000. Finally, Legal & General Group Plc increased its holdings in The Trade Desk by 75.4% during the 2nd quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock valued at $195,000 after acquiring an additional 1,664 shares in the last quarter. Institutional investors own 62.86% of the company’s stock.
TTD has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of The Trade Desk from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded shares of The Trade Desk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Macquarie initiated coverage on shares of The Trade Desk in a research note on Thursday, October 12th. They issued an “outperform” rating and a $78.00 target price for the company. Susquehanna Bancshares Inc restated a “positive” rating and issued a $66.00 target price on shares of The Trade Desk in a research note on Thursday, September 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $66.00 target price (up from $62.00) on shares of The Trade Desk in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.63.
The Trade Desk Company Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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