Insider Selling: The Trade Desk (NASDAQ:TTD) Insider Sells 51,290 Shares of Stock

Key Points

• Insider Jay R. Grant sold 51,290 shares of Trade Desk (NASDAQ: TTD) stock at an average price of $91.18, totaling $4,676,622.20, reducing his ownership in the company by 19.03% to 218,246 shares.
• Trade Desk reported $0.18 EPS for the recent quarter, missing analysts' expectations by $0.24, despite an 18.7% year-over-year increase in revenue, totaling $694.04 million.
• Wall Street analysts rate Trade Desk with an average of "Moderate Buy" and an average price target of $89.33, with mixed ratings from 21 buy, 11 hold, and 3 sell ratings.

The Trade Desk (NASDAQ:TTD - Get Free Report) insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trade Desk Price Performance

TTD traded down $1.06 on Monday, reaching $53.17. The company's stock had a trading volume of 37,564,346 shares, compared to its average volume of 10,977,144. The stock has a market cap of $26.13 billion, a price-to-earnings ratio of 64.06, a price-to-earnings-growth ratio of 2.46 and a beta of 1.37. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The business's 50 day moving average is $76.31 and its 200 day moving average is $72.70.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. During the same period in the prior year, the company posted $0.39 EPS. The company's revenue for the quarter was up 18.7% on a year-over-year basis. As a group, research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trade Desk

Institutional investors and hedge funds have recently bought and sold shares of the business. Investment Management Corp VA ADV bought a new position in Trade Desk during the 4th quarter worth $25,000. Banque Cantonale Vaudoise bought a new position in Trade Desk during the 1st quarter worth $26,000. Sound Income Strategies LLC grew its stake in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock worth $26,000 after buying an additional 270 shares during the last quarter. Cloud Capital Management LLC bought a new position in Trade Desk in the 1st quarter worth approximately $27,000. Finally, von Borstel & Associates Inc. bought a new position in Trade Desk in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of recent analyst reports. Oppenheimer lifted their price objective on Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Macquarie lifted their price objective on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Jefferies Financial Group downgraded Trade Desk from a "buy" rating to a "hold" rating and lowered their price objective for the company from $100.00 to $50.00 in a research report on Monday. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $90.00 price objective (down previously from $100.00) on shares of Trade Desk in a research report on Friday. Finally, Moffett Nathanson downgraded Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target for the company. in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.33.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

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