Jeffrey Terry Green Sells 200,000 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 200,000 shares of Trade Desk stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $110.54, for a total transaction of $22,108,000.00. Following the sale, the chief executive officer now directly owns 365,180 shares in the company, valued at $40,366,997.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, September 23rd, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The stock was sold at an average price of $108.68, for a total transaction of $21,736,000.00.
• On Friday, September 20th, Jeffrey Terry Green sold 200,000 shares of Trade Desk stock. The shares were sold at an average price of $109.47, for a total value of $21,894,000.00.
• On Monday, August 26th, Jeffrey Terry Green sold 283,429 shares of Trade Desk stock. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80.
• On Thursday, August 22nd, Jeffrey Terry Green sold 135,922 shares of Trade Desk stock. The shares were sold at an average price of $103.72, for a total value of $14,097,829.84.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $109.45 on Friday. The company has a 50-day moving average price of $99.96 and a 200-day moving average price of $93.99. The stock has a market capitalization of $53.80 billion, a P/E ratio of 273.63, a P/E/G ratio of 5.33 and a beta of 1.48. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $112.22.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $584.55 million during the quarter, compared to analyst estimates of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. As a group, equities research analysts anticipate that The Trade Desk, Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TTD shares. Piper Sandler reiterated an “overweight” rating and set a $110.00 target price on shares of Trade Desk in a research report on Tuesday, June 11th. Wolfe Research assumed coverage on shares of Trade Desk in a report on Tuesday, July 16th. They set an “outperform” rating and a $115.00 price target on the stock. Citigroup increased their price objective on Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 9th. Bank of America began coverage on Trade Desk in a report on Wednesday, September 4th. They set a “buy” rating and a $135.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective (up from $110.00) on shares of Trade Desk in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.05.

Institutional Investors Weigh In On Trade Desk

Institutional investors have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. increased its stake in Trade Desk by 119.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 299 shares of the technology company’s stock valued at $26,000 after buying an additional 163 shares during the last quarter. Riverview Trust Co bought a new stake in Trade Desk during the first quarter worth $27,000. Transcendent Capital Group LLC purchased a new position in Trade Desk in the second quarter worth $30,000. Bogart Wealth LLC grew its stake in Trade Desk by 194.7% in the 1st quarter. Bogart Wealth LLC now owns 336 shares of the technology company’s stock valued at $29,000 after purchasing an additional 222 shares during the period. Finally, EdgeRock Capital LLC purchased a new stake in shares of Trade Desk during the 2nd quarter valued at $37,000. Institutional investors own 67.77% of the company’s stock.

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.