Trade Desk Inc (NASDAQ:TTD) COO Robert David Perdue sold 903 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $146.56, for a total value of $132,343.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Robert David Perdue also recently made the following trade(s):
- On Thursday, November 1st, Robert David Perdue sold 903 shares of Trade Desk stock. The shares were sold at an average price of $124.79, for a total value of $112,685.37.
- On Monday, October 1st, Robert David Perdue sold 902 shares of Trade Desk stock. The shares were sold at an average price of $151.49, for a total value of $136,643.98.
Shares of TTD stock opened at $140.11 on Thursday. Trade Desk Inc has a 12-month low of $40.70 and a 12-month high of $161.50. The company has a market capitalization of $6.06 billion, a P/E ratio of 117.74, a price-to-earnings-growth ratio of 3.59 and a beta of 3.18.
Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). Trade Desk had a return on equity of 22.86% and a net margin of 15.62%. The business had revenue of $118.80 million during the quarter, compared to the consensus estimate of $117.48 million. During the same period last year, the company earned $0.35 earnings per share. The business’s quarterly revenue was up 49.6% compared to the same quarter last year. On average, analysts anticipate that Trade Desk Inc will post 1.56 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a research report on Tuesday, August 14th. Wells Fargo & Co reiterated a “hold” rating and set a $110.00 price target on shares of Trade Desk in a research report on Friday, August 10th. Oppenheimer increased their price target on Trade Desk from $101.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th. Macquarie upgraded Trade Desk to a “buy” rating and increased their price target for the stock from $95.00 to $130.00 in a research report on Friday, August 10th. Finally, Royal Bank of Canada increased their price target on Trade Desk from $80.00 to $126.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $118.53.
A number of hedge funds and other institutional investors have recently modified their holdings of TTD. Tower Research Capital LLC TRC boosted its stake in Trade Desk by 287.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 849 shares of the technology company’s stock valued at $128,000 after purchasing an additional 630 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Trade Desk during the 2nd quarter worth $147,000. Mount Yale Investment Advisors LLC lifted its holdings in shares of Trade Desk by 235.7% in the second quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock valued at $155,000 after purchasing an additional 1,162 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Trade Desk in the third quarter valued at $177,000. Finally, Strs Ohio purchased a new stake in shares of Trade Desk in the second quarter valued at $187,000. 67.57% of the stock is owned by hedge funds and other institutional investors.
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About Trade Desk
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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