Trade Desk Inc (NASDAQ:TTD) CFO Sells $538,652.88 in Stock

Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 2,682 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $200.84, for a total transaction of $538,652.88. Following the transaction, the chief financial officer now owns 38,059 shares in the company, valued at approximately $7,643,769.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, June 7th, Paul Ross sold 2,465 shares of Trade Desk stock. The shares were sold at an average price of $246.75, for a total transaction of $608,238.75.
  • On Tuesday, May 21st, Paul Ross sold 1,114 shares of Trade Desk stock. The shares were sold at an average price of $203.08, for a total transaction of $226,231.12.
  • On Friday, May 10th, Paul Ross sold 2,682 shares of Trade Desk stock. The shares were sold at an average price of $191.01, for a total transaction of $512,288.82.
  • On Thursday, April 4th, Paul Ross sold 2,682 shares of Trade Desk stock. The shares were sold at an average price of $207.00, for a total transaction of $555,174.00.

Shares of NASDAQ:TTD opened at $227.78 on Friday. Trade Desk Inc has a 52 week low of $83.66 and a 52 week high of $257.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $10.30 billion, a P/E ratio of 118.64, a PEG ratio of 6.34 and a beta of 2.88. The firm has a 50 day moving average price of $217.85.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 9th. The technology company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.42. Trade Desk had a net margin of 17.41% and a return on equity of 24.41%. The firm had revenue of $121.00 million during the quarter, compared to the consensus estimate of $117.13 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was up 41.2% on a year-over-year basis. As a group, equities analysts forecast that Trade Desk Inc will post 1.83 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Cypress Asset Management Inc. TX increased its position in shares of Trade Desk by 1.1% during the first quarter. Cypress Asset Management Inc. TX now owns 7,175 shares of the technology company’s stock worth $1,420,000 after acquiring an additional 75 shares in the last quarter. Camelot Portfolios LLC increased its position in shares of Trade Desk by 2.4% during the first quarter. Camelot Portfolios LLC now owns 3,763 shares of the technology company’s stock worth $745,000 after acquiring an additional 88 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Trade Desk by 1.2% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,195 shares of the technology company’s stock worth $1,183,000 after acquiring an additional 120 shares in the last quarter. Neuburgh Advisers LLC increased its position in shares of Trade Desk by 77.8% during the fourth quarter. Neuburgh Advisers LLC now owns 352 shares of the technology company’s stock worth $41,000 after acquiring an additional 154 shares in the last quarter. Finally, Moody Aldrich Partners LLC increased its position in shares of Trade Desk by 1.2% during the first quarter. Moody Aldrich Partners LLC now owns 12,839 shares of the technology company’s stock worth $2,541,000 after acquiring an additional 154 shares in the last quarter. 67.39% of the stock is owned by institutional investors.

TTD has been the topic of a number of recent analyst reports. Raymond James restated an “outperform” rating on shares of Trade Desk in a research report on Thursday, May 9th. JMP Securities lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th. BidaskClub lowered shares of Trade Desk from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 14th. Nomura upped their target price on shares of Trade Desk from $114.00 to $144.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Finally, SunTrust Banks reiterated a “buy” rating and set a $210.00 target price on shares of Trade Desk in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $190.18.

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).

Further Reading: Buy Rating

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

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