Trade Desk (NASDAQ:TTD) Stock: Insider Samantha Jacobson Sells 6,042 Shares

The Trade Desk (NASDAQ:TTD – Get Free Report) Director Samantha Jacobson sold 6,042 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $15.99, for a total value of $96,611.58. Following the completion of the transaction, the director owned 7,057 shares in the company, valued at $112,841.43. The trade was a 46.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Trade Desk Price Performance

Shares of NASDAQ TTD traded up $0.21 during midday trading on Friday, hitting $15.68. The stock had a trading volume of 14,628,903 shares, compared to its average volume of 21,449,778. The company’s 50-day simple moving average is $13.20 and its 200 day simple moving average is $19.13. The firm has a market cap of $7.37 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.13 and a beta of 0.98. The Trade Desk has a fifty-two week low of $11.62 and a fifty-two week high of $42.69.

Trade Desk (NASDAQ:TTD – Get Free Report) last released its earnings results on Monday, November 9th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.29. The company had revenue of $735.97 million during the quarter, compared to the consensus estimate of $650.93 million. Trade Desk had a return on equity of 14.36% and a net margin of 11.03%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. Equities analysts expect that The Trade Desk will post 0.41 EPS for the current fiscal year.

Trade Desk News Roundup

Investors following TTD have been watching these news items:

Institutional Investors Weigh In On Trade Desk

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tema ETFs LLC increased its position in Trade Desk by 9.5% during the second quarter. Tema ETFs LLC now owns 8,360 shares of the technology company’s stock worth $151,000 after buying an additional 725 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Trade Desk by 4.1% in the first quarter. Sunbelt Securities Inc. now owns 24,976 shares of the technology company’s stock valued at $567,000 after buying an additional 983 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Trade Desk by 159.1% in the first quarter. EverSource Wealth Advisors LLC now owns 2,031 shares of the technology company’s stock valued at $46,000 after buying an additional 1,247 shares during the last quarter. New Mexico Educational Retirement Board lifted its position in shares of Trade Desk by 6.3% in the second quarter. New Mexico Educational Retirement Board now owns 21,900 shares of the technology company’s stock valued at $396,000 after buying an additional 1,300 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Trade Desk by 7.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 21,293 shares of the technology company’s stock worth $259,000 after acquiring an additional 1,495 shares during the period. Institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BNP Paribas Exane downgraded shares of Trade Desk from a “neutral” rating to an “underperform” rating and set a $10.00 target price on the stock. in a research report on Monday, August 10th. Wells Fargo & Company lifted their price target on shares of Trade Desk from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Piper Sandler boosted their price target on shares of Trade Desk from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday. Benchmark reissued a “buy” rating and set a $20.00 price target (down from $30.00) on shares of Trade Desk in a research note on Monday, August 3rd. Finally, Scotiabank increased their price objective on shares of Trade Desk from $12.00 to $15.00 and gave the company a “sector perform” rating in a report on Tuesday, November 10th. Four analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $18.52.

View Our Latest Stock Report on TTD

Trade Desk Company Profile

(Get Free Report)

The Trade Desk, Inc. provides a technology platform that helps advertisers and advertising agencies plan, buy, and measure digital advertising. Its self-service platform uses automated, data-driven tools to help clients purchase advertising inventory across channels such as connected TV, mobile, audio, and display. The company also offers tools for campaign management, audience targeting, measurement, and access to data and advertising inventory. Its platform is designed to help clients manage campaigns across multiple media channels and publishers.

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