Trade Desk Inc (NASDAQ:TTD) Director Sells $159,600.00 in Stock

Trade Desk Inc (NASDAQ:TTD) Director Thomas Falk sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $133.00, for a total transaction of $159,600.00. Following the transaction, the director now owns 9,269 shares of the company’s stock, valued at $1,232,777. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Thomas Falk also recently made the following trade(s):

  • On Thursday, January 17th, Thomas Falk sold 5,424 shares of Trade Desk stock. The shares were sold at an average price of $133.01, for a total transaction of $721,446.24.

Trade Desk stock traded up $4.14 during mid-day trading on Friday, hitting $146.18. The stock had a trading volume of 858,910 shares, compared to its average volume of 875,353. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 122.84, a P/E/G ratio of 3.13 and a beta of 2.85. Trade Desk Inc has a 12 month low of $40.70 and a 12 month high of $161.50.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, November 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.06). The firm had revenue of $118.80 million during the quarter, compared to analyst estimates of $117.48 million. Trade Desk had a net margin of 15.62% and a return on equity of 22.86%. The firm’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. Research analysts predict that Trade Desk Inc will post 1.56 earnings per share for the current fiscal year.

TTD has been the topic of several analyst reports. BidaskClub raised shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 16th. Zacks Investment Research cut shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday. CIBC raised their target price on shares of Trade Desk from $130.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, December 14th. Jefferies Financial Group raised their target price on shares of Trade Desk from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Finally, SunTrust Banks lifted their price target on shares of Trade Desk to $130.00 and gave the company a “buy” rating in a research report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $124.16.

A number of hedge funds have recently bought and sold shares of TTD. Financial Architects Inc boosted its stake in shares of Trade Desk by 114.1% during the 4th quarter. Financial Architects Inc now owns 304 shares of the technology company’s stock worth $35,000 after acquiring an additional 162 shares during the period. Private Capital Group LLC boosted its stake in shares of Trade Desk by 139.3% during the 4th quarter. Private Capital Group LLC now owns 493 shares of the technology company’s stock worth $57,000 after acquiring an additional 287 shares during the period. IFP Advisors Inc boosted its stake in shares of Trade Desk by 103.9% during the 4th quarter. IFP Advisors Inc now owns 573 shares of the technology company’s stock worth $66,000 after acquiring an additional 292 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of Trade Desk by 792.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 464 shares of the technology company’s stock worth $70,000 after acquiring an additional 412 shares during the period. Finally, Financial Gravity Companies Inc. bought a new position in shares of Trade Desk during the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.

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About Trade Desk

The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.

Read More: Average Daily Trade Volume – ADTV

Insider Buying and Selling by Quarter for Trade Desk (NASDAQ:TTD)

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