The Trade Desk Inc. (TTD) Insider Brian John Stempeck Sells 10,000 Shares
The Trade Desk Inc. (NASDAQ:TTD) insider Brian John Stempeck sold 10,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $64.18, for a total value of $641,800.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of The Trade Desk Inc. (NASDAQ:TTD) traded down 0.99% during mid-day trading on Tuesday, hitting $63.89. The stock had a trading volume of 493,376 shares. The Trade Desk Inc. has a 12-month low of $22.00 and a 12-month high of $67.30. The stock’s 50-day moving average price is $60.93 and its 200-day moving average price is $60.93. The stock has a market capitalization of $2.61 billion and a price-to-earnings ratio of 58.99.
The Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.29. The firm had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The firm’s revenue was up 54.2% on a year-over-year basis. On average, equities analysts anticipate that The Trade Desk Inc. will post $1.43 EPS for the current fiscal year.
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Several research firms have recently weighed in on TTD. Zacks Investment Research raised The Trade Desk from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $60.00 price objective (up from $57.00) on shares of The Trade Desk in a research note on Friday, August 11th. Susquehanna Bancshares Inc reissued a “positive” rating and set a $66.00 price objective on shares of The Trade Desk in a research note on Thursday, September 7th. Royal Bank Of Canada reissued an “outperform” rating and set a $65.00 price objective (up from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Finally, Citigroup Inc. reissued a “buy” rating and set a $60.00 price objective (up from $55.00) on shares of The Trade Desk in a research note on Friday, August 11th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.00.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantum Capital Management LLC NJ acquired a new position in The Trade Desk in the 2nd quarter worth $3,787,000. American International Group Inc. acquired a new position in The Trade Desk in the 1st quarter worth $126,000. Balyasny Asset Management LLC acquired a new position in The Trade Desk in the 2nd quarter worth $6,194,000. FMR LLC boosted its stake in The Trade Desk by 2,598.3% in the 1st quarter. FMR LLC now owns 1,397,700 shares of the technology company’s stock worth $52,064,000 after purchasing an additional 1,345,900 shares during the period. Finally, Shaker Investments LLC OH acquired a new position in The Trade Desk in the 2nd quarter worth $1,116,000. 62.80% of the stock is owned by hedge funds and other institutional investors.
About The 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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