Trade Desk Inc (NASDAQ:TTD) CTO Sells $2,450,100.00 in Stock

Trade Desk Inc (NASDAQ:TTD) CTO David Randall Pickles sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $245.01, for a total value of $2,450,100.00. Following the sale, the chief technology officer now owns 60,123 shares in the company, valued at $14,730,736.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

David Randall Pickles also recently made the following trade(s):

  • On Tuesday, June 18th, David Randall Pickles sold 10,000 shares of Trade Desk stock. The shares were sold at an average price of $247.77, for a total value of $2,477,700.00.
  • On Tuesday, May 21st, David Randall Pickles sold 10,000 shares of Trade Desk stock. The shares were sold at an average price of $202.08, for a total value of $2,020,800.00.

Shares of TTD stock opened at $235.31 on Friday. The business’s fifty day simple moving average is $236.21. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $10.75 billion, a PE ratio of 122.56, a PEG ratio of 6.62 and a beta of 2.72. Trade Desk Inc has a 52 week low of $83.66 and a 52 week high of $257.99.

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

A number of analysts have weighed in on TTD shares. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Saturday, July 13th. Nomura reiterated a “reduce” rating and issued a $144.00 price target on shares of Trade Desk in a research report on Wednesday, June 12th. Pivotal Research reiterated a “buy” rating and issued a $265.00 price target (up from $255.00) on shares of Trade Desk in a research report on Wednesday, June 5th. Royal Bank of Canada cut Roku from an “outperform” rating to a “sector perform” rating and set a $90.00 price target on the stock. in a research report on Monday, July 1st. They noted that the move was a valuation call. Finally, JMP Securities reiterated an “outperform” rating and issued a $1,375.00 price target (up from $1,300.00) on shares of Alphabet in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Trade Desk currently has a consensus rating of “Buy” and a consensus price target of $194.59.

Hedge funds have recently made changes to their positions in the company. Covenant Asset Management LLC bought a new stake in shares of Trade Desk during the first quarter worth $3,145,000. Empowered Funds LLC bought a new stake in shares of Trade Desk during the first quarter worth $1,476,000. California State Teachers Retirement System grew its holdings in shares of Trade Desk by 4.9% during the fourth quarter. California State Teachers Retirement System now owns 52,221 shares of the technology company’s stock worth $6,061,000 after purchasing an additional 2,442 shares during the last quarter. Pennsylvania Trust Co bought a new stake in shares of Trade Desk during the first quarter worth $349,000. Finally, Mckinley Capital Management LLC Delaware grew its holdings in shares of Trade Desk by 8,343.9% during the first quarter. Mckinley Capital Management LLC Delaware now owns 19,252 shares of the technology company’s stock worth $3,811,000 after purchasing an additional 19,024 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

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).

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