Insider Selling: Trade Desk Inc (TTD) Insider Sells 75,000 Shares of Stock
Trade Desk Inc (NASDAQ:TTD) insider David Randall Pickles sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $52.74, for a total value of $3,955,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
David Randall Pickles also recently made the following trade(s):
- On Tuesday, April 18th, David Randall Pickles sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $35.47, for a total value of $2,660,250.00.
- On Tuesday, March 21st, David Randall Pickles sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $37.71, for a total value of $2,828,250.00.
Trade Desk Inc (NASDAQ:TTD) traded down 3.70% during mid-day trading on Wednesday, reaching $51.50. The company’s stock had a trading volume of 4,431,475 shares. Trade Desk Inc has a one year low of $22.00 and a one year high of $54.50. The stock has a market cap of $2.06 billion and a P/E ratio of 51.65. The firm’s 50 day moving average is $40.81 and its 200-day moving average is $34.08.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, May 11th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.17. The business had revenue of $53.40 million for the quarter, compared to the consensus estimate of $43.30 million. The company’s revenue was up 75.7% compared to the same quarter last year. Equities analysts expect that Trade Desk Inc will post $1.08 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Founder Collective GP LLC acquired a new position in Trade Desk during the fourth quarter worth about $121,420,000. Wellington Management Group LLP increased its position in Trade Desk by 2,223.5% in the first quarter. Wellington Management Group LLP now owns 3,437,494 shares of the technology company’s stock worth $128,047,000 after buying an additional 3,289,552 shares in the last quarter. Alliancebernstein L.P. acquired a new position in Trade Desk during the first quarter worth about $70,071,000. FMR LLC increased its position in Trade Desk by 2,598.3% in the first quarter. FMR LLC now owns 1,397,700 shares of the technology company’s stock worth $52,064,000 after buying an additional 1,345,900 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Trade Desk by 149.9% in the first quarter. Vanguard Group Inc. now owns 1,109,222 shares of the technology company’s stock worth $41,319,000 after buying an additional 665,330 shares in the last quarter. Hedge funds and other institutional investors own 53.22% of the company’s stock.
Several analysts recently issued reports on TTD shares. Zacks Investment Research cut Trade Desk from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Royal Bank of Canada raised their target price on Trade Desk from $45.00 to $56.00 and gave the stock an “outperform” rating in a research note on Friday, May 12th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $60.00 target price (up from $41.00) on shares of Trade Desk in a research note on Friday, May 12th. Cantor Fitzgerald cut Trade Desk from an “overweight” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Thursday, March 2nd. They noted that the move was a valuation call. Finally, Vetr raised Trade Desk from a “sell” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Thursday, March 30th. Nine research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $51.56.
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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