The Trade Desk Inc. (NASDAQ:TTD) COO Robert David Perdue sold 12,500 shares of The Trade Desk stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $64.87, for a total value of $810,875.00. Following the transaction, the chief operating officer now owns 82,409 shares of the company’s stock, valued at $5,345,871.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Robert David Perdue also recently made the following trade(s):

  • On Monday, October 2nd, Robert David Perdue sold 12,500 shares of The Trade Desk stock. The stock was sold at an average price of $60.29, for a total value of $753,625.00.
  • On Friday, September 1st, Robert David Perdue sold 12,500 shares of The Trade Desk stock. The stock was sold at an average price of $53.66, for a total value of $670,750.00.

Shares of The Trade Desk Inc. (NASDAQ TTD) traded down $0.45 during midday trading on Friday, hitting $64.62. 646,745 shares of the stock traded hands, compared to its average volume of 666,213. The company has a market capitalization of $2,612.37, a PE ratio of 61.01 and a beta of 7.32.

The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.29. The Trade Desk had a net margin of 13.92% and a return on equity of 26.34%. The company had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $68.02 million. The firm’s quarterly revenue was up 54.2% compared to the same quarter last year. analysts anticipate that The Trade Desk Inc. will post 1.16 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in The Trade Desk by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,003,888 shares of the technology company’s stock worth $100,415,000 after purchasing an additional 122,774 shares during the period. Vanguard Group Inc. boosted its position in The Trade Desk by 79.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock worth $99,976,000 after purchasing an additional 885,916 shares during the period. FMR LLC boosted its position in The Trade Desk by 12.7% during the 2nd quarter. FMR LLC now owns 1,575,792 shares of the technology company’s stock worth $78,963,000 after purchasing an additional 178,092 shares during the period. Lord Abbett & CO. LLC boosted its position in The Trade Desk by 109.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock worth $71,771,000 after purchasing an additional 748,795 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in The Trade Desk by 79.5% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,196,045 shares of the technology company’s stock worth $59,933,000 after purchasing an additional 529,645 shares during the period. 63.08% of the stock is owned by institutional investors.

Several analysts have commented on TTD shares. Zacks Investment Research cut shares of The Trade Desk from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of The Trade Desk in a research note on Wednesday, August 2nd. Cantor Fitzgerald lifted their target price on shares of The Trade Desk from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of The Trade Desk in a research note on Friday, August 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 target price (up from $57.00) on shares of The Trade Desk in a research note on Friday, August 11th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.63.

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.

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

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