Trade Desk Inc (NASDAQ:TTD) CEO Jeffrey Terry Green sold 9,000 shares of Trade Desk stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $49.10, for a total value of $441,900.00. Following the completion of the sale, the chief executive officer now owns 113,819 shares in the company, valued at $5,588,512.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Jeffrey Terry Green also recently made the following trade(s):
- On Wednesday, January 3rd, Jeffrey Terry Green sold 9,000 shares of Trade Desk stock. The shares were sold at an average price of $47.61, for a total value of $428,490.00.
- On Monday, December 18th, Jeffrey Terry Green sold 1,411 shares of Trade Desk stock. The shares were sold at an average price of $50.25, for a total value of $70,902.75.
Shares of Trade Desk Inc (NASDAQ:TTD) traded down $1.41 during mid-day trading on Thursday, reaching $48.40. The company had a trading volume of 1,829,516 shares, compared to its average volume of 886,079. The firm has a market capitalization of $1,990.00 and a PE ratio of 47.45. Trade Desk Inc has a 52-week low of $33.94 and a 52-week high of $67.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56.
Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. The firm had revenue of $102.60 million during the quarter, compared to analysts’ expectations of $101.71 million. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. Trade Desk’s revenue was up 41.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 earnings per share. sell-side analysts anticipate that Trade Desk Inc will post 1.28 EPS for the current year.
A number of hedge funds have recently modified their holdings of TTD. Schwab Charles Investment Management Inc. raised its holdings in Trade Desk by 232.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 28,900 shares of the technology company’s stock worth $1,449,000 after purchasing an additional 20,200 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Trade Desk during the second quarter worth $1,252,000. Nationwide Fund Advisors raised its holdings in Trade Desk by 249.4% during the second quarter. Nationwide Fund Advisors now owns 9,885 shares of the technology company’s stock worth $495,000 after purchasing an additional 7,056 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Trade Desk by 244.4% in the second quarter. New York State Common Retirement Fund now owns 18,600 shares of the technology company’s stock worth $932,000 after acquiring an additional 13,199 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Trade Desk by 161.5% in the second quarter. Northern Trust Corp now owns 217,223 shares of the technology company’s stock worth $10,886,000 after acquiring an additional 134,166 shares during the last quarter. 77.48% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on TTD. SunTrust Banks upgraded Trade Desk from a “hold” rating to a “buy” rating and lifted their price target for the company from $45.25 to $55.00 in a research note on Monday, December 11th. Vetr downgraded Trade Desk from a “strong-buy” rating to a “buy” rating and set a $52.18 price target on the stock. in a research note on Tuesday, January 23rd. BidaskClub downgraded Trade Desk from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Stifel Nicolaus began coverage on Trade Desk in a research note on Thursday, January 18th. They issued a “buy” rating and a $62.00 price target on the stock. Finally, Royal Bank of Canada lifted their price target on Trade Desk from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $63.62.
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About Trade Desk
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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