Trade Desk (NASDAQ:TTD) Director Samantha Jacobson Sells 6,042 Shares of Company Stock

The Trade Desk (NASDAQ:TTD – Get Free Report) Director Samantha Jacobson sold 6,042 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $15.99, for a total value of $96,611.58. Following the completion of the sale, the director directly owned 7,057 shares of the company’s stock, valued at approximately $112,841.43. This trade represents a 46.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Trade Desk Price Performance

Shares of NASDAQ TTD traded up $0.21 during trading on Friday, hitting $15.68. 14,628,903 shares of the company were exchanged, compared to its average volume of 21,449,778. The Trade Desk has a 1 year low of $11.62 and a 1 year high of $42.69. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.13 and a beta of 0.98. The firm’s fifty day moving average price is $13.20 and its 200 day moving average price is $19.13.

Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.29. Trade Desk had a net margin of 11.03% and a return on equity of 14.36%. The business had revenue of $735.97 million during the quarter, compared to the consensus estimate of $650.93 million. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue was down .5% compared to the same quarter last year. On average, research analysts forecast that The Trade Desk will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTD. Royal Bank Of Canada boosted their price target on Trade Desk from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Trade Desk in a research note on Friday, September 11th. Raymond James Financial downgraded Trade Desk from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. UBS Group reaffirmed a “buy” rating and set a $19.00 price objective (up from $15.00) on shares of Trade Desk in a report on Tuesday, November 10th. Finally, Wolfe Research reiterated an “outperform” rating and set a $16.00 target price on shares of Trade Desk in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $18.52.

Read Our Latest Report on TTD

Latest Trade Desk News

Investors following TTD have been watching these news items:

Institutional Trading of Trade Desk

Several institutional investors and hedge funds have recently modified their holdings of TTD. Entropy Technologies LP increased its stake in shares of Trade Desk by 232.7% during the 3rd quarter. Entropy Technologies LP now owns 901,445 shares of the technology company’s stock worth $10,971,000 after purchasing an additional 630,512 shares in the last quarter. Jump Financial LLC lifted its stake in Trade Desk by 338.7% in the 3rd quarter. Jump Financial LLC now owns 3,798,309 shares of the technology company’s stock valued at $46,225,000 after buying an additional 2,932,504 shares in the last quarter. FORA Capital LLC lifted its stake in Trade Desk by 100.8% in the 3rd quarter. FORA Capital LLC now owns 1,556,267 shares of the technology company’s stock valued at $18,909,000 after buying an additional 781,360 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Trade Desk in the 3rd quarter valued at approximately $516,000. Finally, Empowered Funds LLC grew its holdings in Trade Desk by 64.9% during the 3rd quarter. Empowered Funds LLC now owns 217,783 shares of the technology company’s stock valued at $2,650,000 after buying an additional 85,681 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Company Profile

(Get Free Report)

The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.

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