The Trade Desk (NASDAQ:TTD - Get Free Report) Director Samantha Jacobson sold 6,042 shares of the firm's stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $15.99, for a total value of $96,611.58. Following the completion of the sale, the director directly owned 7,057 shares in the company, valued at approximately $112,841.43. This represents a 46.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Trade Desk Stock Up 1.4%
Shares of TTD traded up $0.21 during midday trading on Friday, hitting $15.68. The company's stock had a trading volume of 14,628,903 shares, compared to its average volume of 20,463,607. The Trade Desk has a one year low of $11.62 and a one year high of $42.69. The company's fifty day simple moving average is $13.19 and its two-hundred day simple moving average is $19.21. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.74 and a beta of 0.98.
Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.29. The business had revenue of $735.97 million during the quarter, compared to the consensus estimate of $650.93 million. Trade Desk had a return on equity of 14.36% and a net margin of 11.03%. Trade Desk's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. On average, research analysts predict that The Trade Desk will post 0.52 earnings per share for the current year.
Trade Desk News Roundup
Here's some of the latest news about TTD:
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in Trade Desk in the third quarter valued at approximately $516,000. Empowered Funds LLC increased its position in Trade Desk by 64.9% during the 3rd quarter. Empowered Funds LLC now owns 217,783 shares of the technology company's stock valued at $2,650,000 after purchasing an additional 85,681 shares during the period. Caxton Associates LLP increased its position in Trade Desk by 70.2% during the 3rd quarter. Caxton Associates LLP now owns 647,286 shares of the technology company's stock valued at $7,877,000 after purchasing an additional 267,017 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Trade Desk by 17.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 427,314 shares of the technology company's stock valued at $5,200,000 after purchasing an additional 62,418 shares during the period. Finally, 49 Wealth Management LLC bought a new position in Trade Desk during the 3rd quarter worth approximately $157,000. 67.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
TTD has been the topic of several research reports. Citigroup lifted their price target on shares of Trade Desk from $11.00 to $12.00 and gave the company a "sell" rating in a report on Tuesday. Truist Financial set a $17.00 price objective on shares of Trade Desk and gave the company a "hold" rating in a research note on Tuesday. Susquehanna restated a "neutral" rating and issued a $17.00 target price (up from $14.00) on shares of Trade Desk in a research report on Tuesday. Wall Street Zen cut shares of Trade Desk from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $16.00 target price on shares of Trade Desk in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, twenty-six have assigned a Hold rating and nine have assigned a Sell rating to the company's stock. According to MarketBeat, Trade Desk has an average rating of "Reduce" and an average target price of $18.52.
Get Our Latest Analysis on Trade Desk
About Trade Desk
(
Get Free Report)
The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.
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