Insider Selling: Trade Desk Inc (TTD) Insider Sells 10,000 Shares of Stock

Trade Desk Inc (NASDAQ:TTD) insider David Randall Pickles sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $204.89, for a total value of $2,048,900.00. Following the sale, the insider now directly owns 60,077 shares of the company’s stock, valued at approximately $12,309,176.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, February 19th, David Randall Pickles sold 13,900 shares of Trade Desk stock. The shares were sold at an average price of $162.43, for a total value of $2,257,777.00.
  • On Tuesday, January 15th, David Randall Pickles sold 15,000 shares of Trade Desk stock. The shares were sold at an average price of $131.07, for a total value of $1,966,050.00.

Shares of NASDAQ TTD traded up $7.61 during mid-day trading on Thursday, reaching $213.57. The company’s stock had a trading volume of 1,126,600 shares, compared to its average volume of 1,358,771. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 111.23, a price-to-earnings-growth ratio of 6.92 and a beta of 3.01. Trade Desk Inc has a 52 week low of $45.77 and a 52 week high of $214.48.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, February 21st. The technology company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.28. The firm had revenue of $160.47 million during the quarter, compared to analyst estimates of $148.18 million. Trade Desk had a return on equity of 27.22% and a net margin of 18.47%. On average, sell-side analysts forecast that Trade Desk Inc will post 1.62 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of TTD. Bank of New York Mellon Corp lifted its position in shares of Trade Desk by 42.4% in the second quarter. Bank of New York Mellon Corp now owns 202,892 shares of the technology company’s stock worth $19,033,000 after buying an additional 60,447 shares in the last quarter. US Bancorp DE raised its position in Trade Desk by 136.6% during the third quarter. US Bancorp DE now owns 1,356 shares of the technology company’s stock valued at $204,000 after purchasing an additional 783 shares during the period. Victory Capital Management Inc. raised its position in Trade Desk by 133.2% during the third quarter. Victory Capital Management Inc. now owns 7,076 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 4,042 shares during the period. WINTON GROUP Ltd purchased a new stake in Trade Desk during the third quarter valued at approximately $352,000. Finally, JPMorgan Chase & Co. raised its position in Trade Desk by 1,770.2% during the third quarter. JPMorgan Chase & Co. now owns 678,262 shares of the technology company’s stock valued at $102,358,000 after purchasing an additional 718,872 shares during the period. Institutional investors own 70.99% of the company’s stock.

Several analysts have issued reports on TTD shares. Stifel Nicolaus reissued a “hold” rating and set a $144.00 price target on shares of Trade Desk in a report on Wednesday, February 20th. SunTrust Banks reissued a “buy” rating and set a $195.00 price target on shares of Trade Desk in a report on Friday, February 22nd. They noted that the move was a valuation call. ValuEngine raised Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Citigroup boosted their price target on Trade Desk from $159.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Finally, CIBC upped their price objective on Trade Desk from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, December 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $149.39.

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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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