Trade Desk Inc (NASDAQ:TTD) insider Brian John Stempeck sold 10,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $49.59, for a total value of $495,900.00. Following the completion of the transaction, the insider now owns 44,550 shares of the company’s stock, valued at $2,209,234.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Brian John Stempeck also recently made the following trade(s):
- On Thursday, November 16th, Brian John Stempeck sold 10,000 shares of Trade Desk stock. The stock was sold at an average price of $48.78, for a total value of $487,800.00.
- On Monday, October 16th, Brian John Stempeck sold 10,000 shares of Trade Desk stock. The stock was sold at an average price of $64.18, for a total value of $641,800.00.
Shares of Trade Desk Inc (NASDAQ:TTD) traded up $0.17 on Friday, reaching $49.13. The company’s stock had a trading volume of 848,838 shares, compared to its average volume of 649,451. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56. Trade Desk Inc has a 12-month low of $28.11 and a 12-month high of $67.30. The company has a market capitalization of $2,010.98, a PE ratio of 48.64, a P/E/G ratio of 1.32 and a beta of 5.35.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.15. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. The business had revenue of $79.40 million for the quarter, compared to analysts’ expectations of $76.84 million. During the same quarter in the previous year, the business posted $0.24 EPS. Trade Desk’s revenue for the quarter was up 49.8% on a year-over-year basis. equities analysts expect that Trade Desk Inc will post 1.28 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. AHL Partners LLP acquired a new stake in Trade Desk in the 2nd quarter valued at approximately $373,000. Quantum Capital Management LLC NJ acquired a new stake in Trade Desk in the 2nd quarter valued at approximately $3,787,000. Deane Retirement Strategies Inc. acquired a new stake in Trade Desk in the 3rd quarter valued at approximately $2,032,000. Ameriprise Financial Inc. acquired a new stake in Trade Desk in the 2nd quarter valued at approximately $1,252,000. Finally, Balyasny Asset Management LLC acquired a new stake in Trade Desk in the 2nd quarter valued at approximately $6,194,000. Institutional investors and hedge funds own 65.38% of the company’s stock.
TTD has been the subject of a number of research reports. SunTrust Banks restated a “buy” rating and issued a $60.00 target price on shares of Trade Desk in a research note on Friday. Vetr lowered Trade Desk from a “strong-buy” rating to a “buy” rating and set a $54.47 target price for the company. in a research note on Thursday. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday. Wells Fargo & Co initiated coverage on Trade Desk in a report on Wednesday, December 20th. They issued an “outperform” rating and a $60.00 price target on the stock. Finally, BidaskClub cut Trade Desk from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $63.79.
About Trade Desk
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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