The Trade Desk, Inc. (NASDAQ:TTD) Insider Jay R. Grant Sells 141,434 Shares

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction on Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the completion of the transaction, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Trade Desk Stock Performance

TTD stock opened at $99.47 on Friday. The firm has a market capitalization of $48.65 billion, a price-to-earnings ratio of 248.68, a PEG ratio of 5.04 and a beta of 1.48. The firm has a 50 day moving average price of $93.60 and a 200-day moving average price of $83.03. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $100.25.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. The business had revenue of $491.25 million for the quarter, compared to analysts’ expectations of $480.03 million. As a group, sell-side analysts forecast that The Trade Desk, Inc. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. DA Davidson raised their price objective on shares of Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Citigroup boosted their target price on shares of Trade Desk from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and set a $108.00 target price (up previously from $107.00) on shares of Trade Desk in a report on Thursday, May 9th. Jefferies Financial Group raised shares of Trade Desk from a “hold” rating to a “buy” rating and boosted their price target for the stock from $95.00 to $105.00 in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus increased their target price on shares of Trade Desk from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its position in shares of Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company’s stock worth $1,049,619,000 after purchasing an additional 6,978,352 shares during the period. Norges Bank purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $255,316,000. 1832 Asset Management L.P. bought a new stake in Trade Desk during the 1st quarter valued at about $225,710,000. ARK Investment Management LLC raised its position in Trade Desk by 1,162.0% during the 4th quarter. ARK Investment Management LLC now owns 2,149,654 shares of the technology company’s stock valued at $154,689,000 after purchasing an additional 1,979,319 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Trade Desk by 6,600.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,091,561 shares of the technology company’s stock worth $78,549,000 after purchasing an additional 1,075,269 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.