Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) Director Sells 2,415 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) Director Gokul Rajaram sold 2,415 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $97.92, for a total value of $236,476.80. Following the completion of the transaction, the director now directly owns 34,056 shares in the company, valued at approximately $3,334,763.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Trade Desk Trading Up 2.1 %

TTD traded up $1.97 during midday trading on Tuesday, hitting $97.73. 2,609,378 shares of the company traded hands, compared to its average volume of 4,252,966. The company has a market capitalization of $47.80 billion, a price-to-earnings ratio of 244.33, a PEG ratio of 5.00 and a beta of 1.49. The Trade Desk, Inc. has a 52-week low of $60.23 and a 52-week high of $99.54. The business has a 50 day simple moving average of $91.11 and a two-hundred day simple moving average of $81.93.

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 for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $491.25 million for the quarter, compared to the consensus estimate of $480.03 million. Trade Desk had a net margin of 9.80% and a return on equity of 9.41%. Equities research analysts anticipate that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On Trade Desk

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in Trade Desk by 15.7% during the fourth quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company's stock worth $28,346,000 after purchasing an additional 53,441 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Trade Desk by 31.7% during the fourth quarter. Nordea Investment Management AB now owns 613,441 shares of the technology company's stock valued at $44,226,000 after acquiring an additional 147,717 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Trade Desk by 30.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 287,352 shares of the technology company's stock valued at $21,078,000 after acquiring an additional 67,520 shares during the last quarter. Raymond James & Associates increased its position in shares of Trade Desk by 12.8% during the fourth quarter. Raymond James & Associates now owns 252,370 shares of the technology company's stock valued at $18,161,000 after acquiring an additional 28,714 shares during the last quarter. Finally, Deane Retirement Strategies Inc. increased its position in shares of Trade Desk by 126.8% during the fourth quarter. Deane Retirement Strategies Inc. now owns 26,227 shares of the technology company's stock valued at $1,887,000 after acquiring an additional 14,662 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler restated an "overweight" rating and set a $110.00 price target on shares of Trade Desk in a research report on Tuesday, June 11th. Needham & Company LLC restated a "buy" rating and set a $100.00 price target on shares of Trade Desk in a research report on Thursday, May 9th. BMO Capital Markets restated an "outperform" rating and set a $108.00 price target (up from $107.00) on shares of Trade Desk in a research report on Thursday, May 9th. Loop Capital increased their target price on shares of Trade Desk from $102.00 to $109.00 and gave the stock a "buy" rating in a report on Thursday, May 16th. Finally, Susquehanna reiterated a "positive" rating and issued a $110.00 price target on shares of Trade Desk in a report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $93.69.

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.