Trade Desk Inc (NASDAQ:TTD) CMO Sells $327,843.60 in Stock

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Trade Desk Inc (NASDAQ:TTD) CMO Susan Vobejda sold 1,240 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $264.39, for a total transaction of $327,843.60. Following the completion of the sale, the chief marketing officer now directly owns 37,704 shares of the company’s stock, valued at $9,968,560.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Susan Vobejda also recently made the following trade(s):

  • On Monday, July 8th, Susan Vobejda sold 365 shares of Trade Desk stock. The shares were sold at an average price of $242.00, for a total transaction of $88,330.00.
  • On Monday, July 1st, Susan Vobejda sold 875 shares of Trade Desk stock. The shares were sold at an average price of $236.00, for a total transaction of $206,500.00.
  • On Friday, June 7th, Susan Vobejda sold 1,095 shares of Trade Desk stock. The shares were sold at an average price of $242.00, for a total transaction of $264,990.00.
  • On Monday, June 3rd, Susan Vobejda sold 875 shares of Trade Desk stock. The shares were sold at an average price of $199.87, for a total transaction of $174,886.25.

NASDAQ TTD opened at $257.23 on Thursday. The stock has a market capitalization of $11.33 billion, a PE ratio of 133.97, a P/E/G ratio of 7.15 and a beta of 2.72. Trade Desk Inc has a 52-week low of $89.51 and a 52-week high of $279.71. The business’s 50-day moving average price is $245.26. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.15.

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

TTD has been the subject of a number of research reports. JMP Securities cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Zacks Investment Research cut shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Saturday, July 13th. TheStreet cut shares of Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Jefferies Financial Group cut shares of Trade Desk from a “buy” rating to a “hold” rating and upped their target price for the company from $225.00 to $250.00 in a report on Thursday, July 18th. Finally, Nomura reaffirmed a “reduce” rating and issued a $144.00 target price on shares of Trade Desk in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Trade Desk presently has an average rating of “Buy” and a consensus price target of $197.24.

A number of hedge funds and other institutional investors have recently bought and sold shares of TTD. Bank of America Corp DE raised its holdings in Trade Desk by 130.3% during the fourth quarter. Bank of America Corp DE now owns 85,723 shares of the technology company’s stock worth $9,948,000 after purchasing an additional 48,495 shares in the last quarter. Legal & General Group Plc raised its holdings in Trade Desk by 16.3% during the fourth quarter. Legal & General Group Plc now owns 14,276 shares of the technology company’s stock worth $1,656,000 after purchasing an additional 2,003 shares in the last quarter. Millennium Management LLC purchased a new position in Trade Desk during the fourth quarter worth about $2,773,000. Amalgamated Bank raised its holdings in Trade Desk by 153.9% during the fourth quarter. Amalgamated Bank now owns 4,825 shares of the technology company’s stock worth $560,000 after purchasing an additional 2,925 shares in the last quarter. Finally, Norges Bank purchased a new position in Trade Desk during the fourth quarter worth about $36,560,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

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

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