Trade Desk Inc (NASDAQ:TTD) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 7,393,357 shares, an increase of 28.0% from the November 15th total of 5,776,618 shares. Based on an average trading volume of 980,803 shares, the short-interest ratio is presently 7.5 days. Approximately 26.5% of the company’s shares are short sold.

Shares of Trade Desk (NASDAQ TTD) opened at $46.86 on Wednesday. Trade Desk has a 52 week low of $26.40 and a 52 week high of $67.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $1,858.60, a P/E ratio of 43.51 and a beta of 5.19.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.15. The company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $76.84 million. Trade Desk had a net margin of 15.93% and a return on equity of 24.34%. The business’s quarterly revenue was up 49.8% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. analysts anticipate that Trade Desk will post 1.29 earnings per share for the current year.

Several brokerages have issued reports on TTD. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $66.00 target price on shares of Trade Desk in a report on Thursday, September 7th. SunTrust Banks raised shares of Trade Desk from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.25 to $55.00 in a report on Monday. Vetr upgraded shares of Trade Desk from a “buy” rating to a “strong-buy” rating and set a $71.92 price target on the stock in a research report on Tuesday, October 17th. Cantor Fitzgerald reiterated a “buy” rating and set a $62.00 price target on shares of Trade Desk in a research report on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of Trade Desk from a “hold” rating to a “strong-buy” rating and set a $59.00 price target on the stock in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.07.

In other news, COO Robert David Perdue sold 12,500 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $64.87, for a total value of $810,875.00. Following the completion of the sale, the chief operating officer now directly owns 82,409 shares in the company, valued at $5,345,871.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Terry Green sold 7,689 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $61.90, for a total transaction of $475,949.10. Following the completion of the sale, the chief executive officer now owns 109,711 shares of the company’s stock, valued at $6,791,110.90. The disclosure for this sale can be found here. Insiders have sold 151,894 shares of company stock worth $9,180,577 over the last ninety days. 26.87% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in TTD. Advisor Group Inc. increased its position in shares of Trade Desk by 9,856.5% in the second quarter. Advisor Group Inc. now owns 2,290 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,267 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Trade Desk by 665.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the technology company’s stock worth $117,000 after purchasing an additional 2,029 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Trade Desk by 57.7% in the third quarter. Great West Life Assurance Co. Can now owns 2,838 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,038 shares during the period. Legal & General Group Plc increased its position in shares of Trade Desk by 75.4% in the second quarter. Legal & General Group Plc now owns 3,872 shares of the technology company’s stock worth $195,000 after purchasing an additional 1,664 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Trade Desk by 1,171.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,080 shares of the technology company’s stock worth $204,000 after purchasing an additional 3,759 shares during the period. 65.46% of the stock is owned by institutional investors and hedge funds.

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Trade Desk Company Profile

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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