The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells $13,778,500.28 in Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 141,434 shares of Trade Desk stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now directly owns 188,236 shares in the company, valued at approximately $18,337,951.12. The sale was disclosed in a document filed with the SEC, which is available at this link.

Trade Desk Trading Up 1.1 %

NASDAQ:TTD opened at $99.47 on Thursday. The stock has a market cap of $48.65 billion, a price-to-earnings ratio of 248.68, a PEG ratio of 5.00 and a beta of 1.48. The stock has a 50-day moving average price of $93.28 and a two-hundred day moving average price of $82.91. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $100.25.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $491.25 million during the quarter, compared to analysts’ expectations of $480.03 million. Trade Desk had a return on equity of 9.41% and a net margin of 9.80%. Sell-side analysts forecast that The Trade Desk, Inc. will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Nova Scotia acquired a new position in Trade Desk during the third quarter valued at approximately $257,000. Ancora Advisors LLC lifted its position in shares of Trade Desk by 56.5% in the third quarter. Ancora Advisors LLC now owns 485 shares of the technology company’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Trade Desk by 43.7% during the 3rd quarter. Lazard Asset Management LLC now owns 16,299 shares of the technology company’s stock worth $1,272,000 after acquiring an additional 4,960 shares during the period. AQR Capital Management LLC increased its holdings in shares of Trade Desk by 67.1% during the 3rd quarter. AQR Capital Management LLC now owns 76,050 shares of the technology company’s stock worth $5,943,000 after acquiring an additional 30,548 shares during the last quarter. Finally, AXQ Capital LP bought a new stake in Trade Desk in the 3rd quarter valued at $664,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTD. Stifel Nicolaus lifted their price objective on Trade Desk from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Susquehanna reissued a “positive” rating and set a $110.00 price objective on shares of Trade Desk in a report on Thursday, May 16th. DA Davidson lifted their price objective on Trade Desk from $95.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $108.00 price target (up previously from $107.00) on shares of Trade Desk in a research note on Thursday, May 9th. Finally, Loop Capital boosted their target price on Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Trade Desk presently has an average rating of “Moderate Buy” and an average target price 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.