The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) 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 – Get Free Report) 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
Get Our Latest Research Report on TTD
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.
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