Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells 2,600 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) CEO Jeffrey Terry Green sold 2,600 shares of the company's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $86.41, for a total transaction of $224,666.00. Following the completion of the transaction, the chief executive officer now owns 974,022 shares of the company's stock, valued at approximately $84,165,241.02. The sale was disclosed in a filing with the SEC, which is available at this link.

Jeffrey Terry Green also recently made the following trade(s):

• On Wednesday, April 3rd, Jeffrey Terry Green sold 66,007 shares of Trade Desk stock. The shares were sold at an average price of $87.38, for a total transaction of $5,767,691.66.
• On Monday, March 25th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $85.42, for a total transaction of $6,406,500.00.
• On Thursday, March 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $84.78, for a total transaction of $6,358,500.00.
• On Friday, February 23rd, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $82.31, for a total transaction of $6,173,250.00.
• On Wednesday, February 21st, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The stock was sold at an average price of $81.77, for a total transaction of $6,132,750.00.

Trade Desk Trading Down 2.4 %

Shares of Trade Desk stock traded down $2.00 during mid-day trading on Wednesday, hitting $80.13. 1,861,361 shares of the stock were exchanged, compared to its average volume of 4,609,951. The Trade Desk, Inc. has a twelve month low of $59.36 and a twelve month high of $94.00. The stock has a market capitalization of $39.18 billion, a price-to-earnings ratio of 228.15, a price-to-earnings-growth ratio of 4.46 and a beta of 1.50. The company has a 50-day simple moving average of $82.43 and a 200 day simple moving average of $75.60.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.05). Trade Desk had a return on equity of 8.59% and a net margin of 9.19%. The firm had revenue of $605.80 million for the quarter, compared to analyst estimates of $582.61 million. Equities research analysts forecast that The Trade Desk, Inc. will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company's stock worth $3,003,666,000 after acquiring an additional 818,568 shares during the last quarter. BlackRock Inc. boosted its position in shares of Trade Desk by 2.1% in the first quarter. BlackRock Inc. now owns 21,767,862 shares of the technology company's stock worth $1,325,880,000 after acquiring an additional 452,667 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Trade Desk by 91.7% in the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company's stock worth $1,049,619,000 after acquiring an additional 6,978,352 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Trade Desk by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,447,010 shares of the technology company's stock worth $647,660,000 after acquiring an additional 135,704 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of Trade Desk by 10.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,367,719 shares of the technology company's stock worth $599,275,000 after acquiring an additional 1,239,936 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler increased their price target on shares of Trade Desk from $80.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Trade Desk in a research note on Thursday, March 21st. Stephens reiterated an "overweight" rating and set a $85.00 price target on shares of Trade Desk in a research note on Friday, February 16th. BTIG Research upped their price objective on shares of Trade Desk from $91.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Finally, KeyCorp upped their price objective on shares of Trade Desk from $84.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.75.

About Trade Desk

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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