Gokul Rajaram Sells 1,355 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) Director Gokul Rajaram sold 1,355 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $109.00, for a total transaction of $147,695.00. Following the transaction, the director now directly owns 29,991 shares of the company’s stock, valued at $3,269,019. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gokul Rajaram also recently made the following trade(s):

• On Monday, July 22nd, Gokul Rajaram sold 1,355 shares of Trade Desk stock. The stock was sold at an average price of $98.37, for a total transaction of $133,291.35.

Trade Desk Trading Up 0.1 %

Shares of NASDAQ:TTD opened at $109.45 on Friday. The company has a market capitalization of $53.80 billion, a PE ratio of 273.63, a P/E/G ratio of 5.33 and a beta of 1.48. The Trade Desk, Inc. has a 12-month low of $60.23 and a 12-month high of $112.22. The business’s fifty day simple moving average is $99.96 and its 200-day simple moving average is $93.90.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $584.55 million during the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a net margin of 11.65% and a return on equity of 11.40%. Trade Desk’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. Research analysts predict that The Trade Desk, Inc. will post 0.86 EPS for the current year.

Hedge Funds Weigh In On Trade Desk

Hedge funds have recently modified their holdings of the stock. 1832 Asset Management L.P. purchased a new stake in Trade Desk during the 1st quarter valued at about $225,710,000. Marshall Wace LLP raised its position in shares of Trade Desk by 100.2% in the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after acquiring an additional 872,555 shares during the period. Vanguard Group Inc. grew its holdings in Trade Desk by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company’s stock valued at $3,003,666,000 after purchasing an additional 818,568 shares during the period. Acadian Asset Management LLC grew its position in shares of Trade Desk by 3,973.6% in the second quarter. Acadian Asset Management LLC now owns 448,989 shares of the technology company’s stock valued at $43,836,000 after purchasing an additional 437,967 shares during the period. Finally, Steadfast Capital Management LP increased its position in shares of Trade Desk by 78.3% during the first quarter. Steadfast Capital Management LP now owns 983,000 shares of the technology company’s stock worth $85,934,000 after purchasing an additional 431,600 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Tuesday. KeyCorp increased their price objective on shares of Trade Desk from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Benchmark raised their target price on shares of Trade Desk from $49.00 to $57.00 and gave the company a “sell” rating in a report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $110.00 price objective on shares of Trade Desk in a research note on Tuesday, June 11th. Finally, Wolfe Research assumed coverage on shares of Trade Desk in a research report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $108.71.

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.