Trade Desk Inc (NASDAQ:TTD) insider Brian John Stempeck sold 10,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $49.59, for a total value of $495,900.00. Following the completion of the transaction, the insider now directly owns 44,550 shares of the company’s stock, valued at approximately $2,209,234.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Brian John Stempeck also recently made the following trade(s):
- On Thursday, November 16th, Brian John Stempeck sold 10,000 shares of Trade Desk stock. The shares were sold at an average price of $48.78, for a total value of $487,800.00.
- On Monday, October 16th, Brian John Stempeck sold 10,000 shares of Trade Desk stock. The shares were sold at an average price of $64.18, for a total value of $641,800.00.
Shares of Trade Desk Inc (TTD) opened at $47.90 on Thursday. The company has a market capitalization of $1,970.00 and a price-to-earnings ratio of 46.96. Trade Desk Inc has a 52 week low of $28.11 and a 52 week high of $67.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.56 and a quick ratio of 1.56.
Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.15. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The business had revenue of $79.40 million for the quarter, compared to analyst estimates of $76.84 million. During the same period last year, the company earned $0.24 EPS. The firm’s revenue was up 49.8% on a year-over-year basis. sell-side analysts predict that Trade Desk Inc will post 1.28 earnings per share for the current fiscal year.
TTD has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Trade Desk from $65.00 to $67.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Jefferies Group reaffirmed a “buy” rating and set a $63.00 target price on shares of Trade Desk in a report on Friday, November 10th. Macquarie started coverage on Trade Desk in a research report on Thursday, October 12th. They set an “outperform” rating and a $78.00 price target on the stock. Wells Fargo & Co began coverage on Trade Desk in a research report on Wednesday, December 20th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Vetr lowered Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 target price on the stock. in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $66.48.
A number of hedge funds have recently bought and sold shares of TTD. Advisor Group Inc. lifted its holdings in shares of Trade Desk by 9,856.5% in the second 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 lifted its holdings in shares of Trade Desk by 665.2% in the second 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. Great West Life Assurance Co. Can lifted its holdings in shares of Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,038 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Trade Desk in the third quarter valued at about $234,000. Finally, Legal & General Group Plc increased its position in shares of Trade Desk by 75.4% in the second 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 during the last quarter. Hedge funds and other institutional investors own 65.38% of the company’s stock.
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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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