Trade Desk Inc (NASDAQ:TTD) COO Robert David Perdue sold 5,485 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $144.39, for a total value of $791,979.15. Following the completion of the sale, the chief operating officer now owns 137,578 shares of the company’s stock, valued at $19,864,887.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Robert David Perdue also recently made the following trade(s):
- On Wednesday, August 1st, Robert David Perdue sold 20,000 shares of Trade Desk stock. The stock was sold at an average price of $86.55, for a total value of $1,731,000.00.
- On Monday, July 2nd, Robert David Perdue sold 20,000 shares of Trade Desk stock. The stock was sold at an average price of $93.21, for a total value of $1,864,200.00.
TTD opened at $139.25 on Friday. The company has a market cap of $6.09 billion, a PE ratio of 115.70, a PEG ratio of 3.96 and a beta of 3.05. Trade Desk Inc has a 1 year low of $40.70 and a 1 year high of $147.49.
Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. The business had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $103.87 million. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. Trade Desk’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. analysts predict that Trade Desk Inc will post 1.43 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new stake in Trade Desk in the second quarter valued at $147,000. Mount Yale Investment Advisors LLC grew its position in Trade Desk by 235.7% in the second quarter. Mount Yale Investment Advisors LLC now owns 1,655 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,162 shares during the period. Strs Ohio bought a new stake in Trade Desk in the second quarter valued at $187,000. CAPROCK Group Inc. bought a new stake in Trade Desk in the second quarter valued at $201,000. Finally, Sawtooth Solutions LLC bought a new stake in Trade Desk in the second quarter valued at $219,000. Institutional investors and hedge funds own 71.72% of the company’s stock.
A number of research analysts have recently commented on TTD shares. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, May 16th. BidaskClub upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Wednesday, May 16th. SunTrust Banks reiterated a “buy” rating and set a $75.00 price target on shares of Trade Desk in a report on Monday, May 14th. ValuEngine upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Finally, Needham & Company LLC upped their price target on Trade Desk to $75.00 and gave the stock a “buy” rating in a report on Friday, May 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $100.37.
About Trade Desk
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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