Trade Desk Inc (NASDAQ:TTD) Director Sells $616,150.00 in Stock

Trade Desk Inc (NASDAQ:TTD) Director Eric B. Paley sold 2,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $246.46, for a total value of $616,150.00. Following the completion of the sale, the director now owns 28,767 shares of the company’s stock, valued at $7,089,914.82. The transaction was disclosed in a filing with the SEC, which is available through this link.

Trade Desk stock traded up $6.63 during midday trading on Wednesday, reaching $244.14. The stock had a trading volume of 1,597,585 shares, compared to its average volume of 1,598,214. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.31. Trade Desk Inc has a 52-week low of $102.35 and a 52-week high of $289.51. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 127.16, a price-to-earnings-growth ratio of 4.81 and a beta of 2.79. The company has a fifty day moving average of $218.99 and a 200 day moving average of $226.84.

A number of institutional investors have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. raised its position in Trade Desk by 1.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 2,249 shares of the technology company’s stock worth $512,000 after purchasing an additional 37 shares during the period. World Asset Management Inc raised its position in Trade Desk by 5.2% in the 3rd quarter. World Asset Management Inc now owns 1,291 shares of the technology company’s stock worth $242,000 after purchasing an additional 64 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Trade Desk by 3.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,372 shares of the technology company’s stock worth $445,000 after purchasing an additional 77 shares during the period. Public Employees Retirement System of Ohio raised its position in Trade Desk by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,374 shares of the technology company’s stock worth $2,508,000 after purchasing an additional 93 shares during the period. Finally, Synovus Financial Corp raised its position in Trade Desk by 25.3% in the 3rd quarter. Synovus Financial Corp now owns 480 shares of the technology company’s stock worth $90,000 after purchasing an additional 97 shares during the period. 66.48% of the stock is currently owned by institutional investors.

Several research firms have recently commented on TTD. Nomura upgraded Trade Desk from a “reduce” rating to a “neutral” rating and upped their price objective for the stock from $165.00 to $175.00 in a research note on Thursday, September 26th. Oppenheimer upped their price objective on Trade Desk from $210.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Raymond James downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 target price for the company. in a report on Friday, August 9th. TheStreet raised shares of Trade Desk from a “c-” rating to a “b-” rating in a report on Friday, September 20th. Finally, Stephens started coverage on shares of Trade Desk in a report on Monday, November 4th. They set an “overweight” rating and a $250.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Trade Desk presently has an average rating of “Buy” and a consensus target price of $226.13.

Trade Desk Company Profile

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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