Trade Desk Inc (NASDAQ:TTD) insider Brian John Stempeck sold 21,532 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $200.09, for a total value of $4,308,337.88. Following the completion of the transaction, the insider now directly owns 42,934 shares in the company, valued at approximately $8,590,664.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Brian John Stempeck also recently made the following trade(s):
- On Tuesday, February 5th, Brian John Stempeck sold 33,158 shares of Trade Desk stock. The shares were sold at an average price of $155.01, for a total value of $5,139,821.58.
NASDAQ TTD traded down $6.41 on Friday, reaching $183.51. The company had a trading volume of 3,713,533 shares, compared to its average volume of 1,500,355. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 95.58, a PEG ratio of 6.39 and a beta of 2.93. Trade Desk Inc has a fifty-two week low of $67.31 and a fifty-two week high of $232.70.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mckinley Capital Management LLC Delaware acquired a new stake in Trade Desk during the 4th quarter worth about $26,000. Financial Architects Inc grew its holdings in 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. Neuburgh Advisers LLC grew its holdings in Trade Desk by 77.8% during the 4th quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $41,000 after acquiring an additional 154 shares during the period. Private Capital Group LLC grew its holdings in 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. Finally, Financial Gravity Wealth Inc. acquired a new stake in Trade Desk during the 1st quarter worth about $62,000. Institutional investors and hedge funds own 71.35% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research raised Trade Desk from a “hold” rating to a “buy” rating and set a $149.00 target price on the stock in a research report on Tuesday, January 22nd. CIBC boosted their price target on Trade Desk from $180.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. SunTrust Banks boosted their price target on Trade Desk from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday. TheStreet upgraded Trade Desk from a “c” rating to a “b-” rating in a research note on Friday, March 8th. Finally, BidaskClub upgraded Trade Desk from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Trade Desk presently has an average rating of “Buy” and a consensus price target of $170.22.
ILLEGAL ACTIVITY NOTICE: “Trade Desk Inc (TTD) Insider Sells $4,308,337.88 in Stock” was reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/05/11/brian-john-stempeck-sells-21532-shares-of-trade-desk-inc-ttd-stock.html.
Trade Desk Company Profile
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).
Recommended Story: Hedge Funds – Risk or Reward?
Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.