Trade Desk Sees Unusually High Options Volume (NASDAQ:TTD)

The Trade Desk, Inc. (NASDAQ:TTD) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 30,781 call options on the company. This is an increase of approximately 39% compared to the typical volume of 22,159 call options.

Insider Buying and Selling at Trade Desk

In other news, CEO Jeffrey Terry Green sold 283,429 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $104.20, for a total value of $29,533,301.80. Following the transaction, the chief executive officer now owns 380,832 shares in the company, valued at approximately $39,682,694.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Jeffrey Terry Green sold 283,429 shares of Trade Desk stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $104.20, for a total value of $29,533,301.80. Following the completion of the transaction, the chief executive officer now directly owns 380,832 shares of the company’s stock, valued at approximately $39,682,694.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 141,434 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $97.42, for a total value of $13,778,500.28. Following the sale, the insider now owns 188,236 shares in the company, valued at approximately $18,337,951.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 596,748 shares of company stock valued at $61,010,053. 10.18% of the stock is currently owned by company insiders.

Institutional Trading of Trade Desk

Large investors have recently added to or reduced their stakes in the stock. Global Assets Advisory LLC purchased a new position in Trade Desk in the first quarter valued at about $2,626,000. Franklin Resources Inc. raised its holdings in shares of Trade Desk by 15.7% in the 4th quarter. Franklin Resources Inc. now owns 393,907 shares of the technology company’s stock worth $28,346,000 after purchasing an additional 53,441 shares during the period. Nordea Investment Management AB lifted its stake in Trade Desk by 11.4% in the first quarter. Nordea Investment Management AB now owns 683,642 shares of the technology company’s stock valued at $60,202,000 after purchasing an additional 70,201 shares during the last quarter. Nicholas Company Inc. grew its holdings in Trade Desk by 64.9% during the fourth quarter. Nicholas Company Inc. now owns 776,425 shares of the technology company’s stock valued at $55,872,000 after purchasing an additional 305,615 shares during the period. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in Trade Desk in the first quarter worth $3,011,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Up 2.0 %

Trade Desk stock opened at $110.14 on Friday. The stock has a market cap of $54.14 billion, a P/E ratio of 275.36, a P/E/G ratio of 5.07 and a beta of 1.48. The company’s 50 day moving average price is $98.55 and its two-hundred day moving average price is $92.74. Trade Desk has a 52 week low of $60.23 and a 52 week high of $111.80.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Trade Desk had a return on equity of 11.40% and a net margin of 11.65%. The business had revenue of $584.55 million for the quarter, compared to analyst estimates of $578.03 million. During the same period last year, the company posted $0.07 earnings per share. Trade Desk’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, equities analysts anticipate that Trade Desk will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TTD. Citigroup boosted their target price on shares of Trade Desk from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Cantor Fitzgerald initiated coverage on shares of Trade Desk in a research report on Thursday, September 5th. They set a “neutral” rating and a $110.00 price objective on the stock. Evercore ISI raised Trade Desk to a “strong-buy” rating in a research report on Tuesday, August 6th. Robert W. Baird increased their price target on Trade Desk from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Oppenheimer boosted their price objective on Trade Desk from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.05.

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.