Insider Selling: Trade Desk Inc (TTD) CFO Sells $487,754.76 in Stock

Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 8,682 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $56.18, for a total value of $487,754.76. Following the completion of the transaction, the chief financial officer now owns 67,473 shares of the company’s stock, valued at approximately $3,790,633.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, February 26th, Paul Ross sold 3,729 shares of Trade Desk stock. The shares were sold at an average price of $59.71, for a total value of $222,658.59.

Shares of Trade Desk Inc (NASDAQ:TTD) opened at $53.34 on Monday. The company has a market capitalization of $2,232.28, a PE ratio of 46.38, a P/E/G ratio of 1.81 and a beta of 1.45. Trade Desk Inc has a 52-week low of $34.79 and a 52-week high of $67.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. Trade Desk had a return on equity of 25.10% and a net margin of 16.48%. The firm had revenue of $102.60 million during the quarter, compared to analysts’ expectations of $101.71 million. During the same quarter last year, the business posted $0.33 EPS. The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. analysts expect that Trade Desk Inc will post 1.18 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in Trade Desk by 9.6% in the 3rd quarter. Wells Fargo & Company MN now owns 72,312 shares of the technology company’s stock worth $4,447,000 after buying an additional 6,319 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Trade Desk by 48.2% in the 3rd quarter. GSA Capital Partners LLP now owns 27,294 shares of the technology company’s stock worth $1,679,000 after buying an additional 8,875 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Trade Desk by 22.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 106,617 shares of the technology company’s stock worth $6,558,000 after buying an additional 19,859 shares during the last quarter. California State Teachers Retirement System boosted its stake in Trade Desk by 23.6% in the 3rd quarter. California State Teachers Retirement System now owns 37,957 shares of the technology company’s stock worth $2,335,000 after buying an additional 7,257 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in Trade Desk in the 4th quarter worth about $1,254,000. 72.89% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on TTD shares. Vetr upgraded Trade Desk from a “buy” rating to a “strong-buy” rating and set a $54.68 price target for the company in a research report on Monday, February 5th. Stifel Nicolaus started coverage on Trade Desk in a research report on Thursday, January 18th. They set a “buy” rating and a $62.00 price objective for the company. BidaskClub cut Trade Desk from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Wells Fargo started coverage on Trade Desk in a research report on Wednesday, December 20th. They set an “outperform” rating and a $60.00 price objective for the company. Finally, SunTrust Banks upgraded Trade Desk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $45.25 to $55.00 in a research report on Monday, December 11th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $66.38.

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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.

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

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