The Trade Desk, Inc. (NASDAQ:TTD) Insider Samantha Jacobson Sells 4,298 Shares

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) insider Samantha Jacobson sold 4,298 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $118.56, for a total value of $509,570.88. Following the completion of the sale, the insider now directly owns 90,709 shares of the company's stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Trade Desk Price Performance

NASDAQ TTD traded down $0.16 during trading hours on Monday, reaching $118.52. The company's stock had a trading volume of 2,270,574 shares, compared to its average volume of 3,396,090. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53. The company's 50-day moving average is $125.48 and its two-hundred day moving average is $114.40. The firm has a market capitalization of $58.50 billion, a price-to-earnings ratio of 194.29, a P/E/G ratio of 3.75 and a beta of 1.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The company had revenue of $628.02 million during the quarter, compared to analysts' expectations of $619.89 million. During the same period in the previous year, the firm posted $0.08 EPS. Equities analysts forecast that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Institutional Trading of Trade Desk

Several large investors have recently made changes to their positions in the company. Lane & Associates LLC lifted its stake in Trade Desk by 2.6% in the 4th quarter. Lane & Associates LLC now owns 4,256 shares of the technology company's stock worth $505,000 after purchasing an additional 108 shares in the last quarter. WP Advisors LLC purchased a new position in Trade Desk during the fourth quarter worth approximately $206,000. ING Groep NV acquired a new position in Trade Desk during the fourth quarter worth $1,291,000. First Bank & Trust purchased a new stake in Trade Desk in the 4th quarter valued at $535,000. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Trade Desk by 6.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 9,819 shares of the technology company's stock worth $1,154,000 after acquiring an additional 597 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wolfe Research lifted their price objective on shares of Trade Desk from $140.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. BMO Capital Markets boosted their target price on shares of Trade Desk from $125.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. Benchmark restated a "sell" rating and issued a $57.00 target price on shares of Trade Desk in a research note on Friday, November 8th. Piper Sandler reiterated an "overweight" rating and set a $140.00 price target (up previously from $110.00) on shares of Trade Desk in a research note on Friday, November 8th. Finally, Susquehanna restated a "positive" rating and issued a $150.00 price objective on shares of Trade Desk in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $133.13.

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.