The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $2,283,886.08 in Stock

The Trade Desk, Inc. (NASDAQ:TTD - Get Free Report) CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trade Desk Trading Down 2.2 %

Shares of TTD traded down $2.72 during midday trading on Friday, hitting $118.80. 2,925,448 shares of the company's stock traded hands, compared to its average volume of 3,094,839. The Trade Desk, Inc. has a 1 year low of $61.47 and a 1 year high of $141.53. The firm's fifty day moving average is $126.73 and its 200-day moving average is $111.77. The stock has a market capitalization of $58.64 billion, a price-to-earnings ratio of 194.75, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BTIG Research increased their price target on Trade Desk from $114.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Truist Financial increased their target price on Trade Desk from $135.00 to $155.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. StockNews.com downgraded Trade Desk from a "buy" rating to a "hold" rating in a research report on Saturday, November 30th. Susquehanna restated a "positive" rating and issued a $150.00 price target on shares of Trade Desk in a report on Thursday, November 21st. Finally, UBS Group lifted their price objective on shares of Trade Desk from $140.00 to $150.00 and gave the company a "buy" rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, Trade Desk presently has an average rating of "Moderate Buy" and a consensus price target of $129.83.

Institutional Investors Weigh In On Trade Desk

Several institutional investors have recently added to or reduced their stakes in the business. West Oak Capital LLC increased its holdings in shares of Trade Desk by 45,996.0% during the fourth quarter. West Oak Capital LLC now owns 34,572 shares of the technology company's stock valued at $4,063,000 after acquiring an additional 34,497 shares in the last quarter. RMR Wealth Builders grew its position in Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock worth $1,247,000 after purchasing an additional 89 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Trade Desk by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,794 shares of the technology company's stock valued at $563,000 after purchasing an additional 120 shares in the last quarter. Watts Gwilliam & Co. LLC raised its holdings in shares of Trade Desk by 3.3% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 31,259 shares of the technology company's stock worth $3,795,000 after buying an additional 1,000 shares during the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of Trade Desk during the fourth quarter worth $235,000. Institutional investors and hedge funds own 67.77% of the company's stock.

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.

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