Paul Ross Sells 3,705 Shares of The Trade Desk Inc. (TTD) Stock
The Trade Desk Inc. (NASDAQ:TTD) CFO Paul Ross sold 3,705 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $63.33, for a total transaction of $234,637.65. Following the transaction, the chief financial officer now owns 53,451 shares in the company, valued at $3,385,051.83. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Paul Ross also recently made the following trade(s):
- On Monday, August 14th, Paul Ross sold 10,000 shares of The Trade Desk stock. The shares were sold at an average price of $54.16, for a total value of $541,600.00.
Shares of The Trade Desk Inc. (NASDAQ TTD) traded up 0.18% on Thursday, hitting $62.68. The company had a trading volume of 489,880 shares. The Trade Desk Inc. has a 1-year low of $22.01 and a 1-year high of $67.30. The firm has a market capitalization of $2.56 billion and a price-to-earnings ratio of 57.88. The company has a 50 day moving average price of $61.58 and a 200 day moving average price of $61.58.
The Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $68.02 million. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The company’s revenue for the quarter was up 54.2% compared to the same quarter last year. On average, equities analysts forecast that The Trade Desk Inc. will post $1.43 earnings per share for the current fiscal year.
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TTD has been the subject of a number of research reports. BidaskClub raised The Trade Desk from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Citigroup Inc reaffirmed a “buy” rating and set a $60.00 price target (up from $55.00) on shares of The Trade Desk in a research note on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $60.00 price target (up from $57.00) on shares of The Trade Desk in a research note on Friday, August 11th. Needham & Company LLC reissued a “buy” rating and issued a $62.00 price objective (up previously from $56.00) on shares of The Trade Desk in a report on Friday, August 11th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of The Trade Desk in a report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $66.63.
A number of institutional investors and hedge funds have recently modified their holdings of TTD. Nationwide Fund Advisors lifted its holdings in The Trade Desk by 181.5% during the 1st quarter. Nationwide Fund Advisors now owns 2,829 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,824 shares in the last quarter. Advisor Group Inc. lifted its holdings in The Trade Desk by 9,856.5% during the 2nd quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,267 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in The Trade Desk by 665.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after purchasing an additional 2,029 shares in the last quarter. American International Group Inc. purchased a new stake in The Trade Desk during the 1st quarter worth about $126,000. Finally, Legal & General Group Plc lifted its holdings in The Trade Desk by 75.4% during the 2nd quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after purchasing an additional 1,664 shares in the last quarter. 62.86% of the stock is currently owned by institutional investors and hedge funds.
The Trade Desk Company Profile
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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