The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green Sells 75,000 Shares

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 75,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $85.13, for a total value of $6,384,750.00. Following the completion of the sale, the chief executive officer now directly owns 899,022 shares of the company’s stock, valued at $76,533,742.86. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, April 29th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $84.47, for a total value of $6,335,250.00.
• On Monday, April 15th, Jeffrey Terry Green sold 2,600 shares of Trade Desk stock. The stock was sold at an average price of $86.41, for a total value of $224,666.00.
• On Wednesday, April 3rd, Jeffrey Terry Green sold 66,007 shares of Trade Desk stock. The stock was sold at an average price of $87.38, for a total value of $5,767,691.66.
• On Monday, March 25th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $85.42, for a total value of $6,406,500.00.
• On Thursday, March 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $84.78, for a total value of $6,358,500.00.
• On Friday, February 23rd, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $82.31, for a total value of $6,173,250.00.
• On Wednesday, February 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $81.77, for a total value of $6,132,750.00.

Trade Desk Stock Down 2.0 %

TTD stock traded down $1.65 during midday trading on Tuesday, reaching $82.85. The company had a trading volume of 2,440,408 shares, compared to its average volume of 4,456,404. The stock has a 50 day moving average price of $83.38 and a 200 day moving average price of $75.60. The Trade Desk, Inc. has a fifty-two week low of $60.23 and a fifty-two week high of $94.00. The firm has a market capitalization of $40.51 billion, a PE ratio of 233.31, a P/E/G ratio of 4.67 and a beta of 1.50.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 15th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.05). The company had revenue of $605.80 million during the quarter, compared to analyst estimates of $582.61 million. Trade Desk had a net margin of 9.19% and a return on equity of 8.59%. Research analysts predict that The Trade Desk, Inc. will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

TTD has been the subject of several recent research reports. Stephens reissued an “overweight” rating and set a $85.00 price target on shares of Trade Desk in a research report on Friday, February 16th. Royal Bank of Canada lifted their target price on Trade Desk from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Truist Financial lifted their target price on Trade Desk from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 16th. BMO Capital Markets raised their price objective on Trade Desk from $88.00 to $107.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and a consensus price target of $89.75.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently added to or reduced their stakes in TTD. Jennison Associates LLC lifted its position in Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after purchasing an additional 6,978,352 shares during the period. Norges Bank bought a new position in shares of Trade Desk in the fourth quarter valued at $255,316,000. ARK Investment Management LLC increased its holdings in shares of Trade Desk by 1,162.0% in the fourth quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after buying an additional 1,979,319 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Trade Desk in the third quarter valued at $99,035,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Trade Desk by 6,600.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock valued at $78,549,000 after buying an additional 1,075,269 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

About Trade Desk

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.