The Trade Desk Inc. (NASDAQ:TTD) insider David Randall Pickles sold 75,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $49.91, for a total transaction of $3,743,250.00. Following the completion of the sale, the insider now directly owns 127,736 shares of the company’s stock, valued at approximately $6,375,303.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
David Randall Pickles also recently made the following trade(s):
- On Tuesday, July 25th, David Randall Pickles sold 75,000 shares of The Trade Desk stock. The shares were sold at an average price of $55.60, for a total value of $4,170,000.00.
- On Tuesday, June 20th, David Randall Pickles sold 75,000 shares of The Trade Desk stock. The shares were sold at an average price of $50.79, for a total value of $3,809,250.00.
The Trade Desk Inc. (TTD) traded up 2.02% on Thursday, reaching $51.00. The company had a trading volume of 885,308 shares. The stock’s 50-day moving average price is $52.10 and its 200-day moving average price is $45.02. The Trade Desk Inc. has a 12-month low of $22.00 and a 12-month high of $57.87. The stock has a market capitalization of $2.08 billion and a P/E ratio of 47.09.
The Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 10th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The Trade Desk had a return on equity of 26.34% and a net margin of 13.92%. The company had revenue of $72.80 million during the quarter, compared to analyst estimates of $68.02 million. The Trade Desk’s revenue was up 54.2% on a year-over-year basis. On average, equities research analysts anticipate that The Trade Desk Inc. will post $1.44 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its position in shares of The Trade Desk by 2,223.5% in the first quarter. Wellington Management Group LLP now owns 3,437,494 shares of the technology company’s stock worth $128,047,000 after buying an additional 3,289,552 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of The Trade Desk by 6.5% in the second quarter. Alliancebernstein L.P. now owns 2,003,888 shares of the technology company’s stock worth $100,415,000 after buying an additional 122,774 shares during the last quarter. Vanguard Group Inc. raised its position in shares of The Trade Desk by 79.9% in the second quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock worth $99,976,000 after buying an additional 885,916 shares during the last quarter. FMR LLC raised its position in shares of The Trade Desk by 12.7% in the second quarter. FMR LLC now owns 1,575,792 shares of the technology company’s stock worth $78,963,000 after buying an additional 178,092 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of The Trade Desk by 109.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock worth $71,771,000 after buying an additional 748,795 shares during the last quarter. 53.08% of the stock is owned by institutional investors.
TTD has been the subject of a number of analyst reports. Zacks Investment Research downgraded The Trade Desk from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada boosted their price target on The Trade Desk from $45.00 to $56.00 and gave the company an “outperform” rating in a research note on Friday, May 12th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $60.00 price target (up previously from $41.00) on shares of The Trade Desk in a research note on Friday, May 12th. Needham & Company LLC boosted their price target on The Trade Desk from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Finally, Cantor Fitzgerald raised The Trade Desk from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $45.00 to $56.00 in a research note on Friday, May 12th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $56.00.
About The 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.
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