Insider Selling: Trade Desk Inc (TTD) CFO Sells 2,682 Shares of Stock

Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 2,682 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $207.00, for a total transaction of $555,174.00. Following the completion of the sale, the chief financial officer now directly owns 38,864 shares in the company, valued at approximately $8,044,848. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Paul Ross also recently made the following trade(s):

  • On Tuesday, March 5th, Paul Ross sold 2,682 shares of Trade Desk stock. The shares were sold at an average price of $188.31, for a total transaction of $505,047.42.
  • On Tuesday, February 5th, Paul Ross sold 6,049 shares of Trade Desk stock. The shares were sold at an average price of $154.90, for a total transaction of $936,990.10.

TTD stock traded up $1.66 during trading on Monday, hitting $202.16. The stock had a trading volume of 715,793 shares, compared to its average volume of 1,400,658. Trade Desk Inc has a 1-year low of $47.61 and a 1-year high of $214.70. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 105.29, a PEG ratio of 6.74 and a beta of 2.98.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, February 21st. The technology company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.56 by $0.28. The firm had revenue of $160.47 million for the quarter, compared to analyst estimates of $148.18 million. Trade Desk had a return on equity of 27.22% and a net margin of 18.47%. On average, sell-side analysts predict that Trade Desk Inc will post 1.62 EPS for the current year.

Several equities analysts have commented on TTD shares. ValuEngine upgraded shares of Trade Desk from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a research report on Tuesday, January 15th. BidaskClub upgraded shares of Trade Desk from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 16th. Stifel Nicolaus restated a “hold” rating and set a $144.00 target price on shares of Trade Desk in a research report on Wednesday, February 20th. Finally, SunTrust Banks restated a “buy” rating and set a $195.00 target price on shares of Trade Desk in a research report on Friday, February 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Trade Desk presently has a consensus rating of “Buy” and an average target price of $150.22.

A number of institutional investors and hedge funds have recently modified their holdings of TTD. SG Americas Securities LLC bought a new position in Trade Desk during the fourth quarter valued at about $2,441,000. First Mercantile Trust Co. increased its holdings in shares of Trade Desk by 109.3% during the 4th quarter. First Mercantile Trust Co. now owns 7,500 shares of the technology company’s stock valued at $871,000 after acquiring an additional 3,916 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Trade Desk by 78.1% during the 4th quarter. Raymond James & Associates now owns 29,807 shares of the technology company’s stock valued at $3,459,000 after acquiring an additional 13,075 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Trade Desk by 4.9% during the 4th quarter. California State Teachers Retirement System now owns 52,221 shares of the technology company’s stock valued at $6,061,000 after acquiring an additional 2,442 shares during the last quarter. Finally, GenTrust LLC acquired a new position in shares of Trade Desk during the 3rd quarter valued at about $311,000. Hedge funds and other institutional investors own 71.76% 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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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

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