Insider Selling: Trade Desk Inc (TTD) COO Sells $185,900.00 in Stock

Trade Desk Inc (NASDAQ:TTD) COO Robert David Perdue sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $37.18, for a total transaction of $185,900.00. Following the completion of the sale, the chief operating officer now owns 82,566 shares in the company, valued at $3,069,803.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Robert David Perdue also recently made the following trade(s):

  • On Monday, March 27th, Robert David Perdue sold 5,000 shares of Trade Desk stock. The stock was sold at an average price of $36.05, for a total transaction of $180,250.00.
  • On Friday, March 3rd, Robert David Perdue sold 100,000 shares of Trade Desk stock. The stock was sold at an average price of $35.50, for a total transaction of $3,550,000.00.

Shares of Trade Desk Inc (NASDAQ:TTD) traded down 0.400% during midday trading on Friday, reaching $36.085. 129,337 shares of the company’s stock traded hands. The company’s market capitalization is $1.41 billion. Trade Desk Inc has a 52 week low of $22.00 and a 52 week high of $46.21. The stock’s 50 day moving average is $38.95 and its 200-day moving average is $31.11.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, February 16th. The technology company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.10. The firm earned $72.40 million during the quarter, compared to analyst estimates of $62.12 million. The business’s revenue for the quarter was up 69.6% compared to the same quarter last year. On average, analysts forecast that Trade Desk Inc will post $0.83 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Trade Desk (NASDAQ:TTD)

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TTD has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Trade Desk from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. Jefferies Group LLC reissued a “buy” rating and issued a $41.00 price target on shares of Trade Desk in a report on Tuesday, February 21st. Royal Bank of Canada reissued a “buy” rating and issued a $33.00 price target on shares of Trade Desk in a report on Tuesday, January 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price target (up previously from $30.00) on shares of Trade Desk in a report on Sunday, February 19th. Finally, Vetr raised shares of Trade Desk from a “sell” rating to a “buy” rating and set a $40.00 price target for the company in a report on Thursday, March 30th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.33.

Several hedge funds have recently made changes to their positions in TTD. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Trade Desk during the third quarter valued at $446,000. Victory Capital Management Inc. purchased a new stake in shares of Trade Desk during the third quarter valued at $1,682,000. Citadel Advisors LLC purchased a new stake in shares of Trade Desk during the third quarter valued at $1,690,000. JPMorgan Chase & Co. purchased a new stake in shares of Trade Desk during the third quarter valued at $20,336,000. Finally, HBK Investments L P purchased a new stake in shares of Trade Desk during the third quarter valued at $1,461,000. Institutional investors and hedge funds own 53.22% of the company’s stock.

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.

5 Day Chart for NASDAQ:TTD

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