The Trade Desk Inc. (TTD) CEO Sells $596,340.00 in Stock
The Trade Desk Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 9,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $66.26, for a total value of $596,340.00. Following the completion of the sale, the chief executive officer now owns 99,400 shares of the company’s stock, valued at approximately $6,586,244. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jeffrey Terry Green also recently made the following trade(s):
- On Monday, October 2nd, Jeffrey Terry Green sold 7,689 shares of The Trade Desk stock. The shares were sold at an average price of $61.90, for a total value of $475,949.10.
- On Wednesday, October 4th, Jeffrey Terry Green sold 9,000 shares of The Trade Desk stock. The shares were sold at an average price of $61.85, for a total value of $556,650.00.
- On Friday, September 1st, Jeffrey Terry Green sold 9,000 shares of The Trade Desk stock. The shares were sold at an average price of $52.98, for a total value of $476,820.00.
Shares of The Trade Desk Inc. (TTD) traded down $0.45 during trading on Friday, reaching $64.62. The company had a trading volume of 646,745 shares, compared to its average volume of 666,213. The stock 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, topping the consensus estimate of $0.15 by $0.29. The firm had revenue of $72.80 million during the quarter, compared to the consensus estimate of $68.02 million. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The firm’s quarterly revenue was up 54.2% on a year-over-year basis. equities analysts forecast that The Trade Desk Inc. will post 1.16 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. AHL Partners LLP purchased a new stake in The Trade Desk in the 2nd quarter worth about $373,000. Quantum Capital Management LLC NJ acquired a new position in The Trade Desk in the 2nd quarter worth about $3,787,000. American International Group Inc. acquired a new position in The Trade Desk in the 1st quarter worth about $126,000. Balyasny Asset Management LLC acquired a new position in The Trade Desk in the 2nd quarter worth about $6,194,000. Finally, FMR LLC increased its position 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 last quarter. 63.08% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on TTD shares. JMP Securities started coverage on The Trade Desk in a report on Monday, October 2nd. They set an “outperform” rating and a $70.00 target price for the company. BidaskClub raised The Trade Desk from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $65.00 target price on shares of The Trade Desk in a report on Monday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 target price (up from $62.00) on shares of The Trade Desk in a report on Thursday, October 5th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $62.00 target price on shares of The Trade Desk in a report on Thursday, September 21st. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target 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.
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