Paul Ross Sells 4,382 Shares of Trade Desk Inc (TTD) Stock

Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 4,382 shares of the stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $92.41, for a total transaction of $404,940.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Paul Ross also recently made the following trade(s):

  • On Wednesday, May 16th, Paul Ross sold 4,382 shares of Trade Desk stock. The stock was sold at an average price of $80.90, for a total transaction of $354,503.80.
  • On Monday, May 14th, Paul Ross sold 13,305 shares of Trade Desk stock. The stock was sold at an average price of $75.32, for a total transaction of $1,002,132.60.
  • On Wednesday, April 18th, Paul Ross sold 6,482 shares of Trade Desk stock. The stock was sold at an average price of $53.85, for a total transaction of $349,055.70.

Shares of Trade Desk stock traded up $0.52 during midday trading on Friday, reaching $92.06. 1,604,924 shares of the company’s stock traded hands, compared to its average volume of 1,149,098. The company has a market capitalization of $3.93 billion, a P/E ratio of 77.36, a P/E/G ratio of 2.94 and a beta of 2.64. Trade Desk Inc has a 52 week low of $40.70 and a 52 week high of $94.49.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 10th. The technology company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.24. The business had revenue of $85.70 million for the quarter, compared to the consensus estimate of $73.25 million. Trade Desk had a net margin of 16.14% and a return on equity of 24.07%. Trade Desk’s revenue for the quarter was up 60.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. equities research analysts anticipate that Trade Desk Inc will post 1.41 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its stake in Trade Desk by 22.7% in the 4th quarter. Alliancebernstein L.P. now owns 2,620,560 shares of the technology company’s stock valued at $119,838,000 after buying an additional 484,238 shares during the last quarter. Allianz Asset Management GmbH grew its stake in Trade Desk by 33.2% in the 4th quarter. Allianz Asset Management GmbH now owns 1,859,515 shares of the technology company’s stock valued at $85,036,000 after buying an additional 463,352 shares during the last quarter. BlackRock Inc. grew its stake in Trade Desk by 1.9% in the 1st quarter. BlackRock Inc. now owns 1,428,209 shares of the technology company’s stock valued at $70,869,000 after buying an additional 26,373 shares during the last quarter. Bamco Inc. NY grew its stake in Trade Desk by 5.1% in the 1st quarter. Bamco Inc. NY now owns 1,011,626 shares of the technology company’s stock valued at $50,197,000 after buying an additional 49,111 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in Trade Desk by 25.8% in the 4th quarter. Macquarie Group Ltd. now owns 668,188 shares of the technology company’s stock valued at $30,556,000 after buying an additional 137,240 shares during the last quarter. Institutional investors and hedge funds own 73.44% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Trade Desk from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 11th. Oppenheimer increased their target price on shares of Trade Desk to $101.00 and gave the stock an “outperform” rating in a research report on Friday. BidaskClub upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th. Vetr downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and set a $60.63 target price for the company. in a research report on Thursday, March 8th. Finally, Zacks Investment Research upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Wednesday, May 16th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $77.63.

Trade Desk Company Profile

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

Insider Buying and Selling by Quarter for Trade Desk (NASDAQ:TTD)

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