Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) CFO Sells 43,705 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) CFO Laura Schenkein sold 43,705 shares of the company's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $95.38, for a total value of $4,168,582.90. Following the completion of the sale, the chief financial officer now owns 703,038 shares in the company, valued at approximately $67,055,764.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trade Desk Stock Up 1.6 %

Shares of NASDAQ:TTD traded up $1.57 during midday trading on Tuesday, reaching $99.25. The company's stock had a trading volume of 2,780,594 shares, compared to its average volume of 4,287,431. The firm has a market cap of $48.55 billion, a price-to-earnings ratio of 248.13, a price-to-earnings-growth ratio of 5.04 and a beta of 1.49. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $99.54. The business has a 50 day moving average price of $89.83 and a 200 day moving average price of $80.93.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. The firm had revenue of $491.25 million during the quarter, compared to the consensus estimate of $480.03 million. Sell-side analysts anticipate that The Trade Desk, Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of Trade Desk

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Trade Desk by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 41,740,769 shares of the technology company's stock worth $3,003,666,000 after purchasing an additional 818,568 shares during the period. Jennison Associates LLC raised its position in Trade Desk by 91.7% during the fourth quarter. Jennison Associates LLC now owns 14,586,150 shares of the technology company's stock valued at $1,049,619,000 after acquiring an additional 6,978,352 shares in the last quarter. Norges Bank bought a new position in Trade Desk during the fourth quarter valued at approximately $255,316,000. Northern Trust Corp raised its position in Trade Desk by 3.6% during the third quarter. Northern Trust Corp now owns 2,861,069 shares of the technology company's stock valued at $223,593,000 after acquiring an additional 98,286 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in shares of Trade Desk in the first quarter valued at approximately $225,710,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTD. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Trade Desk in a research report on Thursday, May 9th. DA Davidson boosted their price target on Trade Desk from $95.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 9th. Wedbush initiated coverage on Trade Desk in a research report on Monday. They set an "outperform" rating and a $110.00 price target for the company. Truist Financial restated a "buy" rating and issued a $105.00 target price on shares of Trade Desk in a report on Thursday, May 16th. Finally, Jefferies Financial Group upgraded Trade Desk from a "hold" rating to a "buy" rating and upped their target price for the company from $95.00 to $105.00 in a report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and a consensus price target of $93.69.

About Trade Desk

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.