Jeffrey Terry Green Sells 18,207 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 18,207 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the sale, the chief executive officer now directly owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trade Desk Stock Down 2.2 %

Shares of Trade Desk stock opened at $118.80 on Friday. The Trade Desk, Inc. has a 12-month low of $61.47 and a 12-month high of $141.53. The company has a market capitalization of $58.64 billion, a price-to-earnings ratio of 194.75, a PEG ratio of 6.00 and a beta of 1.45. The firm’s 50-day moving average price is $126.72 and its two-hundred day moving average price is $112.03.

Analyst Upgrades and Downgrades

TTD has been the topic of several analyst reports. Robert W. Baird boosted their price target on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Moffett Nathanson started coverage on Trade Desk in a research report on Monday, September 23rd. They set a “neutral” rating and a $100.00 price target for the company. DA Davidson boosted their price target on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Wells Fargo & Company began coverage on shares of Trade Desk in a research note on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price for the company. Finally, Benchmark reaffirmed a “sell” rating and set a $57.00 price target on shares of Trade Desk in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.83.

Institutional Trading of Trade Desk

Large investors have recently made changes to their positions in the company. CAP Partners LLC lifted its stake in Trade Desk by 1.4% during the third 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 last quarter. RMR Wealth Builders lifted its position in shares of Trade Desk by 0.8% during the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company’s stock worth $1,247,000 after buying an additional 89 shares during the last quarter. Allworth Financial LP lifted its position in shares of Trade Desk by 2.7% during the 3rd quarter. Allworth Financial LP now owns 3,738 shares of the technology company’s stock worth $410,000 after buying an additional 97 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Trade Desk by 37.7% in the third quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after buying an additional 100 shares in the last quarter. Finally, Advisory Resource Group grew its position in Trade Desk by 1.0% in the third quarter. Advisory Resource Group now owns 10,502 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

About Trade Desk

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.