Samantha Jacobson Sells 4,872 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Samantha Jacobson sold 4,872 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $99.50, for a total value of $484,764.00. Following the sale, the insider now directly owns 99,374 shares of the company’s stock, valued at $9,887,713. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Trade Desk Stock Performance

Shares of TTD opened at $104.36 on Thursday. The company has a market capitalization of $51.30 billion, a price-to-earnings ratio of 260.91, a PEG ratio of 5.14 and a beta of 1.48. The Trade Desk, Inc. has a 1 year low of $60.23 and a 1 year high of $104.44. The company’s 50 day simple moving average is $96.27 and its 200 day simple moving average is $89.16.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $584.55 million for the quarter, compared to analysts’ expectations of $578.03 million. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. Equities analysts expect that The Trade Desk, Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Loop Capital raised their target price on shares of Trade Desk from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $110.00 price objective on shares of Trade Desk in a report on Tuesday, June 11th. Macquarie reissued an “outperform” rating and set a $115.00 target price on shares of Trade Desk in a research note on Friday, August 9th. Evercore ISI upgraded Trade Desk to a “strong-buy” rating in a research note on Tuesday, August 6th. Finally, Robert W. Baird increased their price objective on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.26.

Institutional Trading of Trade Desk

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Assets Advisory LLC purchased a new stake in Trade Desk in the first quarter valued at approximately $2,626,000. Franklin Resources Inc. increased its holdings in shares of Trade Desk by 15.7% during the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after buying an additional 53,441 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Trade Desk by 11.4% in the 1st quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock worth $60,202,000 after buying an additional 70,201 shares during the period. Nicholas Company Inc. boosted its holdings in Trade Desk by 64.9% in the fourth quarter. Nicholas Company Inc. now owns 776,425 shares of the technology company’s stock valued at $55,872,000 after acquiring an additional 305,615 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in Trade Desk during the first quarter valued at about $3,011,000. 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.