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

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 18,207 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Trade Desk Trading Down 2.2 %

Shares of NASDAQ TTD opened at $118.80 on Friday. The business has a 50-day moving average of $126.72 and a 200-day moving average of $112.03. The firm 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 Trade Desk, Inc. has a 12 month low of $61.47 and a 12 month high of $141.53.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TTD. Truist Financial raised their price target on shares of Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. DA Davidson raised their target price on Trade Desk from $108.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. New Street Research raised Trade Desk from a “sell” rating to a “neutral” rating and increased their price target for the company from $85.00 to $115.00 in a research note on Monday, November 25th. Wells Fargo & Company assumed coverage on Trade Desk in a report on Monday, October 28th. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, Scotiabank began coverage on shares of Trade Desk in a report on Thursday, December 5th. They set a “sector perform” rating and a $133.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.83.

Hedge Funds Weigh In On Trade Desk

A number of hedge funds and other institutional investors have recently bought and sold shares of TTD. Private Advisor Group LLC grew its position in Trade Desk by 39.6% in the second quarter. Private Advisor Group LLC now owns 32,862 shares of the technology company’s stock worth $3,210,000 after acquiring an additional 9,323 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Trade Desk by 14.1% during the 2nd quarter. Ballentine Partners LLC now owns 3,632 shares of the technology company’s stock valued at $355,000 after buying an additional 449 shares in the last quarter. Choreo LLC lifted its position in Trade Desk by 124.4% in the 2nd quarter. Choreo LLC now owns 15,174 shares of the technology company’s stock worth $1,486,000 after buying an additional 8,411 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Trade Desk by 5.7% in the second quarter. Daiwa Securities Group Inc. now owns 56,035 shares of the technology company’s stock worth $5,473,000 after buying an additional 3,036 shares in the last quarter. Finally, Pier Capital LLC grew its position in Trade Desk by 6.2% during the second quarter. Pier Capital LLC now owns 9,560 shares of the technology company’s stock valued at $934,000 after acquiring an additional 560 shares during the last quarter. 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.