Inside Sales: Director of The Trade Desk, Inc. (NASDAQ:TTD) sells 1,606 shares

Director of The Trade Desk, Inc. (NASDAQ:TTD – Get Your Free Report) Insider Andrea Lee Cunningham sold 1,606 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $100.07, for a total value of $160,712.42. Following the sale, the director now directly owns 3,516 shares in the company, valued at $351,846.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink.

Office Stock Performance

Shares of TTD stock opened at $102.14 on Wednesday. The company has a 50-day moving average price of $95.93 and a 200-day moving average price of $88.83. Trade Desk, Inc. it has a fifty-two week low of $60.23 and a fifty-two week high of $103.35. The stock has a market cap of $50.21 billion, a PE ratio of 255.36, a PEG ratio of 5.14 and a beta of 1.48.

Trade Desk (NASDAQ:TTD – Get Your Free Report ) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million during 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%. Trade Desk’s revenue for the quarter was up 25.9% compared to the same quarter last year. In the same quarter last year, the firm posted earnings of $0.07 per share. Equities research analysts forecast that The Trade Desk, Inc. it will post 0.86 EPS for the current year.

Institutional investors intervene on the trading desk

Institutional investors have recently added to or reduced their holdings in the stock. Pinnacle Bancorp Inc. raised its holdings in 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 buying an additional 163 shares during the last quarter. Riverview Trust Co purchased a new position in shares of Trade Desk in the first quarter worth about $27,000. Bogart Wealth LLC boosted its stake in Trade Desk by 194.7% in the first quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock worth $29,000 after acquiring an additional 222 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in Trade Desk in the second quarter valued at about $30,000. Finally, Jones Financial Companies Lllp raised its stake in 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 acquiring an additional 418 shares in the last quarter. Institutional investors own 67.77% of the company’s shares.

Analysts on Wall Street are forecasting an increase

TTD has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Trade Desk in a report on Friday, August 9th. Citigroup lifted their price objective on shares of Trade Desk from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. DA Davidson boosted their price target on shares of Trade Desk from $95.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Susquehanna raised their target price on shares of Trade Desk from $110.00 to $135.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Finally, Benchmark boosted their price target on shares of Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Moderate Buy” and an average price target of $107.26, according to MarketBeat .

See the latest stock analysis on TTD

Trade Desk Company Profile

(Get a free report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a cloud-based self-service platform that enables 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 across devices such as computers, mobile devices, TVs and streaming devices.

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