The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells $2,135,520.52 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 26,684 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $80.03, for a total value of $2,135,520.52. Following the transaction, the chief executive officer now owns 17,018 shares in the company, valued at approximately $1,361,950.54. This trade represents a 61.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Trade Desk Stock Up 1.3%

Shares of TTD opened at $79.14 on Thursday. The business’s 50-day moving average price is $55.42 and its 200-day moving average price is $94.49. The Trade Desk, Inc. has a twelve month low of $42.96 and a twelve month high of $141.53. The stock has a market cap of $39.26 billion, a PE ratio of 101.46, a P/E/G ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Trade Desk had a return on equity of 16.38% and a net margin of 16.08%. The company had revenue of $616.02 million during the quarter, compared to analyst estimates of $575.62 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Trade Desk’s revenue was up 25.4% on a year-over-year basis. Analysts expect that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a stock buyback program on Wednesday, February 12th that allows the company to buyback $564.00 million in shares. This buyback authorization allows the technology company to reacquire up to 0.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TTD. Morgan Stanley raised their price objective on Trade Desk from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Cantor Fitzgerald lowered their target price on Trade Desk from $115.00 to $100.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. KeyCorp lifted their target price on Trade Desk from $67.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Oppenheimer lifted their target price on Trade Desk from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Finally, DA Davidson lowered their target price on Trade Desk from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, Trade Desk currently has an average rating of “Moderate Buy” and a consensus target price of $98.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TTD. Harbor Capital Advisors Inc. grew its holdings in shares of Trade Desk by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,794 shares of the technology company’s stock worth $563,000 after purchasing an additional 120 shares in the last quarter. Winthrop Advisory Group LLC purchased a new stake in Trade Desk in the fourth quarter worth approximately $200,000. Capital Investment Advisors LLC purchased a new stake in Trade Desk in the fourth quarter worth approximately $214,000. Wedmont Private Capital boosted its stake in Trade Desk by 3.9% in the fourth quarter. Wedmont Private Capital now owns 3,781 shares of the technology company’s stock worth $449,000 after buying an additional 143 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in Trade Desk in the fourth quarter worth approximately $985,000. Hedge funds and other institutional investors 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.