Trade Desk Inc (TTD) CFO Sells $377,200.00 in Stock

Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $37.72, for a total transaction of $377,200.00. Following the completion of the sale, the chief financial officer now directly owns 50,288 shares in the company, valued at $1,896,863.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Trade Desk Inc (NASDAQ:TTD) opened at 37.22 on Tuesday. Trade Desk Inc has a 12 month low of $22.00 and a 12 month high of $46.21. The stock’s market cap is $1.46 billion. The firm’s 50-day moving average is $37.26 and its 200-day moving average is $30.26.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, February 16th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. The company earned $72.40 million during the quarter, compared to the consensus estimate of $62.12 million. The business’s revenue was up 69.6% compared to the same quarter last year. On average, equities analysts forecast that Trade Desk Inc will post $0.83 earnings per share for the current fiscal year.

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

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Institutional investors have recently added to or reduced their stakes in the company. Cavalry Management Group LLC acquired a new position in Trade Desk during the fourth quarter worth approximately $6,682,000. Marshall Wace LLP purchased a new position in shares of Trade Desk during the fourth quarter valued at about $605,000. State Street Corp purchased a new position in shares of Trade Desk during the fourth quarter valued at about $1,581,000. Founder Collective GP LLC purchased a new position in shares of Trade Desk during the fourth quarter valued at about $121,420,000. Finally, Vista Equity Partners Management LLC purchased a new position in shares of Trade Desk during the third quarter valued at about $730,000. 53.22% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on TTD. Zacks Investment Research downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Friday, March 10th. Cantor Fitzgerald cut shares of Trade Desk from an “overweight” rating to a “neutral” rating and set a $40.00 target price for the company. in a report on Thursday, March 2nd. They noted that the move was a valuation call. Jefferies Group LLC upped their target price on shares of Trade Desk from $32.00 to $48.00 and gave the company a “buy” rating in a report on Friday, March 3rd. Vetr cut shares of Trade Desk from a “strong-buy” rating to a “buy” rating and set a $32.50 target price for the company. in a report on Monday, December 19th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $33.00 target price on shares of Trade Desk in a report on Tuesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $36.50.

About Trade Desk

The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.

5 Day Chart for NASDAQ:TTD

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