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.
ILLEGAL ACTIVITY NOTICE: This story was originally posted by Mideast Time and is the sole property of of Mideast Time. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.mideasttime.com/trade-desk-inc-ttd-cfo-sells-377200-00-in-stock/1590121.html.
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.
Receive News & Ratings for Trade Desk Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk Inc and related companies with MarketBeat.com's FREE daily email newsletter.