Trade Desk Inc (NASDAQ:TTD) CFO Sells $749,082.60 in Stock

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Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 2,682 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $279.30, for a total value of $749,082.60. Following the completion of the transaction, the chief financial officer now directly owns 37,784 shares of the company’s stock, valued at $10,553,071.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, July 3rd, Paul Ross sold 2,682 shares of Trade Desk stock. The stock was sold at an average price of $232.51, for a total value of $623,591.82.
  • On Friday, June 7th, Paul Ross sold 2,465 shares of Trade Desk stock. The stock was sold at an average price of $246.75, for a total value of $608,238.75.
  • On Tuesday, June 4th, Paul Ross sold 2,682 shares of Trade Desk stock. The stock was sold at an average price of $200.84, for a total value of $538,652.88.
  • On Tuesday, May 21st, Paul Ross sold 1,114 shares of Trade Desk stock. The stock was sold at an average price of $203.08, for a total value of $226,231.12.

TTD stock traded down $16.86 during midday trading on Monday, hitting $255.08. The company’s stock had a trading volume of 2,155,082 shares, compared to its average volume of 1,525,781. The stock has a market capitalization of $12.18 billion, a P/E ratio of 132.85, a PEG ratio of 7.49 and a beta of 2.72. Trade Desk Inc has a 12 month low of $102.35 and a 12 month high of $289.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.62 and a current ratio of 1.62. The business has a 50-day simple moving average of $247.87.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.51. The business had revenue of $159.90 million for the quarter, compared to analysts’ expectations of $155.26 million. Trade Desk had a return on equity of 25.24% and a net margin of 17.44%. The firm’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. On average, equities analysts predict that Trade Desk Inc will post 1.83 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in TTD. Bank of America Corp DE raised its stake in Trade Desk by 130.3% during the fourth quarter. Bank of America Corp DE now owns 85,723 shares of the technology company’s stock worth $9,948,000 after purchasing an additional 48,495 shares during the period. Legal & General Group Plc lifted its holdings in shares of Trade Desk by 16.3% during the fourth quarter. Legal & General Group Plc now owns 14,276 shares of the technology company’s stock valued at $1,656,000 after purchasing an additional 2,003 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $2,773,000. Norges Bank purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $36,560,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Trade Desk by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 392,123 shares of the technology company’s stock valued at $45,509,000 after purchasing an additional 31,525 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on TTD. Susquehanna Bancshares raised their price target on Trade Desk from $205.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, May 10th. Raymond James cut Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 price target on the stock. in a research report on Friday. Jefferies Financial Group cut Trade Desk from a “buy” rating to a “hold” rating and boosted their price target for the stock from $225.00 to $250.00 in a research report on Thursday, July 18th. Citigroup cut Trade Desk from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $205.00 to $250.00 in a research report on Wednesday, July 24th. Finally, JMP Securities cut Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $225.67.

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 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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