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

The Trade Desk, Inc. (NASDAQ:TTD) insider Samantha Jacobson sold 4,298 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares of the company’s stock, valued at $10,754,459.04. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Trade Desk Price Performance

Shares of TTD opened at $118.94 on Friday. The firm has a market capitalization of $58.71 billion, a P/E ratio of 194.98, a PEG ratio of 3.88 and a beta of 1.45. The Trade Desk, Inc. has a one year low of $66.56 and a one year high of $141.53. The business has a fifty day moving average of $125.70 and a 200 day moving average of $114.05.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a net margin of 13.34% and a return on equity of 13.17%. The firm had revenue of $628.02 million for the quarter, compared to the consensus estimate of $619.89 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Analysts expect that The Trade Desk, Inc. will post 0.87 EPS for the current fiscal year.

Institutional Trading of Trade Desk

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTD. Focus Financial Network Inc. boosted its stake in shares of Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company’s stock worth $456,000 after acquiring an additional 84 shares during the last quarter. CAP Partners LLC raised its holdings in Trade Desk by 1.4% in the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company’s stock worth $702,000 after purchasing an additional 86 shares during the period. RMR Wealth Builders grew its holdings in Trade Desk by 0.8% during the fourth quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock valued at $1,247,000 after purchasing an additional 89 shares during the period. Quotient Wealth Partners LLC grew its holdings in Trade Desk by 4.2% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company’s stock valued at $276,000 after purchasing an additional 94 shares during the period. Finally, TFB Advisors LLC increased its position in Trade Desk by 2.6% in the fourth quarter. TFB Advisors LLC now owns 3,759 shares of the technology company’s stock worth $442,000 after buying an additional 94 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of research analyst reports. Wolfe Research raised their target price on Trade Desk from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Macquarie boosted their target price on shares of Trade Desk from $133.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. BTIG Research increased their price target on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Benchmark reissued a “sell” rating and set a $57.00 price objective on shares of Trade Desk in a research note on Friday, November 8th. Finally, Wedbush raised their target price on shares of Trade Desk from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Trade Desk 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.