The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $2,135,520.52 in Stock

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) CEO Jeffrey Terry Green sold 26,684 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the completion of the transaction, the chief executive officer now owns 17,018 shares of the company's stock, valued at $1,361,950.54. The trade was a 61.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Trade Desk Price Performance

Shares of TTD traded up $1.00 during trading hours on Wednesday, hitting $79.14. The stock had a trading volume of 11,956,898 shares, compared to its average volume of 5,938,326. The Trade Desk, Inc. has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market capitalization of $39.26 billion, a P/E ratio of 101.46, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. The firm has a 50 day simple moving average of $55.14 and a 200-day simple moving average of $94.60.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The firm had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company's quarterly revenue was up 25.4% on a year-over-year basis. Equities analysts predict that The Trade Desk, Inc. will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its board has authorized a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TTD shares. UBS Group lowered their price objective on Trade Desk from $116.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Morgan Stanley upped their price target on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Citigroup raised their price target on shares of Trade Desk from $63.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Royal Bank of Canada cut their price target on shares of Trade Desk from $100.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Loop Capital decreased their price objective on Trade Desk from $145.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $98.88.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quantitative Investment Management LLC acquired a new stake in shares of Trade Desk in the 1st quarter worth about $4,817,000. Jump Financial LLC lifted its holdings in shares of Trade Desk by 319.1% in the first quarter. Jump Financial LLC now owns 599,327 shares of the technology company's stock valued at $32,795,000 after purchasing an additional 456,307 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Trade Desk by 1.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 22,817 shares of the technology company's stock valued at $1,249,000 after purchasing an additional 302 shares in the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of Trade Desk by 12.0% during the first quarter. Van Hulzen Asset Management LLC now owns 6,800 shares of the technology company's stock valued at $372,000 after buying an additional 730 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in Trade Desk by 38.0% during the first quarter. Kestra Advisory Services LLC now owns 27,165 shares of the technology company's stock worth $1,486,000 after buying an additional 7,481 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

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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