The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells $484,764.00 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Samantha Jacobson sold 4,872 shares of Trade Desk stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total transaction of $484,764.00. Following the completion of the transaction, the insider now directly owns 99,374 shares in the company, valued at $9,887,713. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $104.36 on Thursday. The business’s 50 day moving average price is $96.27 and its 200-day moving average price is $89.16. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $104.44. The firm has a market capitalization of $51.30 billion, a price-to-earnings ratio of 260.91, a price-to-earnings-growth ratio of 5.14 and a beta of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to the consensus estimate of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. The company’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. On average, sell-side analysts expect that The Trade Desk, Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TTD. Benchmark boosted their target price on Trade Desk from $49.00 to $57.00 and gave the stock a “sell” rating in a research note on Friday, August 9th. Citigroup raised their price target on Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Susquehanna upped their price objective on shares of Trade Desk from $110.00 to $135.00 and gave the company a “positive” rating in a report on Friday, August 9th. Wolfe Research started coverage on shares of Trade Desk in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $115.00 target price for the company. Finally, Oppenheimer boosted their target price on shares of Trade Desk from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trade Desk has a consensus rating of “Moderate Buy” and an average target price of $107.26.

Institutional Investors Weigh In On Trade Desk

Several large investors have recently bought and sold shares of TTD. Pinnacle Bancorp Inc. boosted its stake in shares of Trade Desk by 119.9% in the first quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock worth $26,000 after acquiring an additional 163 shares during the last quarter. Riverview Trust Co purchased a new position in Trade Desk in the 1st quarter valued at $27,000. Bogart Wealth LLC boosted its stake in Trade Desk by 194.7% during the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after purchasing an additional 222 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Trade Desk during the second quarter worth $30,000. Finally, Jones Financial Companies Lllp raised its position in shares of Trade Desk by 889.4% in the fourth quarter. Jones Financial Companies Lllp now owns 465 shares of the technology company’s stock valued at $33,000 after buying an additional 418 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

About Trade Desk

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.