Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 3,662 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $136.08, for a total value of $498,324.96. Following the transaction, the chief financial officer now directly owns 42,659 shares in the company, valued at $5,805,036.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Paul Ross also recently made the following trade(s):
- On Tuesday, November 20th, Paul Ross sold 3,691 shares of Trade Desk stock. The stock was sold at an average price of $110.55, for a total value of $408,040.05.
- On Wednesday, October 17th, Paul Ross sold 3,682 shares of Trade Desk stock. The stock was sold at an average price of $128.50, for a total value of $473,137.00.
- On Wednesday, September 12th, Paul Ross sold 7,142 shares of Trade Desk stock. The stock was sold at an average price of $144.85, for a total value of $1,034,518.70.
NASDAQ:TTD traded down $8.30 during trading on Friday, reaching $133.57. The company’s stock had a trading volume of 1,500,044 shares, compared to its average volume of 1,587,884. The company has a market capitalization of $6.13 billion, a PE ratio of 112.24, a price-to-earnings-growth ratio of 3.63 and a beta of 3.18. Trade Desk Inc has a 12 month low of $40.70 and a 12 month high of $161.50.
Trade Desk (NASDAQ:TTD) last announced 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). The business had revenue of $118.80 million during the quarter, compared to the consensus estimate of $117.48 million. Trade Desk had a net margin of 15.62% and a return on equity of 22.86%. The firm’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. On average, sell-side analysts forecast that Trade Desk Inc will post 1.56 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of TTD. Principal Financial Group Inc. lifted its position in shares of Trade Desk by 13.4% during the 1st quarter. Principal Financial Group Inc. now owns 21,290 shares of the technology company’s stock valued at $1,056,000 after buying an additional 2,519 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Trade Desk during the 2nd quarter valued at $297,000. Janney Montgomery Scott LLC purchased a new position in shares of Trade Desk during the 2nd quarter valued at $361,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Trade Desk during the 2nd quarter valued at $3,599,000. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Trade Desk by 66.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,075 shares of the technology company’s stock valued at $945,000 after buying an additional 4,040 shares during the last quarter. 67.57% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Friday, September 7th. Nomura upped their price target on Trade Desk from $87.00 to $101.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. BidaskClub downgraded Trade Desk from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $170.00 price target (up previously from $126.00) on shares of Trade Desk in a report on Tuesday, September 25th. Finally, SunTrust Banks upped their price target on Trade Desk to $130.00 and gave the stock a “buy” rating in a report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $118.53.
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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