Trade Desk Sees Unusually High Options Volume (NASDAQ:TTD)

The Trade Desk (NASDAQ:TTD - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 81,084 call options on the company. This is an increase of approximately 37% compared to the typical volume of 59,144 call options.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TTD shares. HSBC set a $75.00 price objective on shares of Trade Desk and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Truist Financial raised their price target on shares of Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a report on Friday, May 9th. DA Davidson lowered their price target on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a report on Friday, May 9th. Citigroup reissued a "buy" rating on shares of Trade Desk in a report on Tuesday. Finally, Rosenblatt Securities raised their price target on shares of Trade Desk from $77.00 to $78.00 and gave the company a "buy" rating in a report on Friday, June 6th. Eight analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $98.03.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 26,684 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the completion of the transaction, the chief executive officer owned 17,018 shares of the company's stock, valued at approximately $1,361,950.54. This represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Wells sold 28,638 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the completion of the sale, the director owned 66,985 shares of the company's stock, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The disclosure for this sale can be found here. 9.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TTD. Investment Management Corp VA ADV acquired a new position in shares of Trade Desk during the 4th quarter worth about $25,000. Banque Cantonale Vaudoise acquired a new position in shares of Trade Desk during the 1st quarter worth about $26,000. Cloud Capital Management LLC acquired a new position in shares of Trade Desk during the 1st quarter worth about $27,000. von Borstel & Associates Inc. acquired a new position in Trade Desk in the 1st quarter valued at about $31,000. Finally, West Oak Capital LLC grew its stake in Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company's stock valued at $31,000 after buying an additional 350 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Up 0.9%

Shares of Trade Desk stock traded up $0.73 on Wednesday, reaching $81.13. 22,259,596 shares of the company were exchanged, compared to its average volume of 6,649,838. Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company has a market capitalization of $39.87 billion, a price-to-earnings ratio of 98.94, a PEG ratio of 3.46 and a beta of 1.36. The company has a 50-day moving average of $72.86 and a 200 day moving average of $77.69.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The company had revenue of $616.02 million for the quarter, compared to analysts' expectations of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The business's revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. Analysts predict that Trade Desk will post 1.06 earnings per share for the current year.

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.