Trade Desk Inc (NASDAQ:TTD) insider Brian John Stempeck sold 22,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $55.33, for a total transaction of $1,244,925.00. Following the completion of the sale, the insider now owns 67,050 shares in the company, valued at approximately $3,709,876.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Trade Desk Inc (NASDAQ:TTD) traded down $1.10 during trading hours on Friday, hitting $53.42. 655,413 shares of the stock were exchanged, compared to its average volume of 965,204. The firm has a market capitalization of $2,364.94, a price-to-earnings ratio of 46.45, a PEG ratio of 1.91 and a beta of 1.45. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.11. Trade Desk Inc has a 52 week low of $34.79 and a 52 week high of $67.30.
Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. The company had revenue of $102.60 million for the quarter, compared to analyst estimates of $101.71 million. Trade Desk had a net margin of 16.48% and a return on equity of 25.10%. Trade Desk’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. research analysts anticipate that Trade Desk Inc will post 1.18 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of TTD. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Trade Desk by 129.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,750 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,550 shares during the period. Great West Life Assurance Co. Can raised its stake in Trade Desk by 57.7% during the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after buying an additional 1,038 shares during the last quarter. SG Americas Securities LLC bought a new position in Trade Desk during the fourth quarter worth $169,000. Circle Wealth Management LLC bought a new position in Trade Desk during the fourth quarter worth $202,000. Finally, Crow Point Partners LLC bought a new position in Trade Desk during the fourth quarter worth $214,000. Institutional investors own 72.89% of the company’s stock.
A number of brokerages have weighed in on TTD. Citigroup raised their target price on shares of Trade Desk from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Vetr lowered shares of Trade Desk from a “buy” rating to a “sell” rating and set a $56.79 target price on the stock. in a research report on Monday, February 26th. Wells Fargo restated a “buy” rating and issued a $62.00 target price on shares of Trade Desk in a research report on Friday, February 23rd. Stifel Nicolaus set a $69.00 target price on shares of Trade Desk and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $66.38.
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About Trade Desk
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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