Jeffrey Terry Green Sells 10,000 Shares of Trade Desk Inc (NASDAQ:TTD) Stock

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Trade Desk Inc (NASDAQ:TTD) CEO Jeffrey Terry Green sold 10,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $233.50, for a total transaction of $2,335,000.00. Following the transaction, the chief executive officer now directly owns 103,392 shares of the company’s stock, valued at approximately $24,142,032. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, June 4th, Jeffrey Terry Green sold 10,000 shares of Trade Desk stock. The shares were sold at an average price of $203.07, for a total transaction of $2,030,700.00.
  • On Wednesday, May 1st, Jeffrey Terry Green sold 10,000 shares of Trade Desk stock. The shares were sold at an average price of $222.70, for a total transaction of $2,227,000.00.
  • On Monday, April 8th, Jeffrey Terry Green sold 10,000 shares of Trade Desk stock. The shares were sold at an average price of $195.04, for a total transaction of $1,950,400.00.

Shares of NASDAQ:TTD opened at $237.77 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.15. Trade Desk Inc has a 12 month low of $83.66 and a 12 month high of $257.99. The firm has a 50-day simple moving average of $224.12. The company has a market cap of $10.59 billion, a P/E ratio of 123.84, a price-to-earnings-growth ratio of 6.40 and a beta of 2.72.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.42. Trade Desk had a net margin of 17.41% and a return on equity of 24.41%. The firm had revenue of $121.00 million during the quarter, compared to the consensus estimate of $117.13 million. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 41.2% compared to the same quarter last year. As a group, equities research analysts predict that Trade Desk Inc will post 1.83 earnings per share for the current fiscal year.

TTD has been the subject of several research reports. BidaskClub raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 1st. Needham & Company LLC initiated coverage on shares of Trade Desk in a report on Monday, April 22nd. They set a “hold” rating and a $211.03 price objective for the company. Susquehanna Bancshares increased their price objective on shares of Trade Desk from $205.00 to $260.00 and gave the company a “positive” rating in a report on Friday, May 10th. Pivotal Research initiated coverage on shares of Trade Desk in a report on Wednesday, May 29th. They set a “buy” rating and a $255.00 price objective for the company. Finally, Raymond James reissued an “outperform” rating on shares of Trade Desk in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $191.65.

Several large investors have recently made changes to their positions in TTD. Meridian Wealth Management LLC bought a new position in shares of Trade Desk in the 1st quarter valued at about $40,000. Neuburgh Advisers LLC lifted its holdings in shares of Trade Desk by 77.8% in the 4th quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock valued at $41,000 after acquiring an additional 154 shares during the last quarter. Financial Gravity Wealth Inc. bought a new position in shares of Trade Desk in the 1st quarter valued at about $62,000. Flinton Capital Management LLC lifted its holdings in shares of Trade Desk by 77.8% in the 4th quarter. Flinton Capital Management LLC now owns 544 shares of the technology company’s stock valued at $63,000 after acquiring an additional 238 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. bought a new position in shares of Trade Desk in the 1st quarter valued at about $201,000. 67.39% of the stock is owned by hedge funds and other institutional investors.

About Trade Desk

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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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

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