Trade Desk Inc (TTD) COO Robert David Perdue Sells 20,000 Shares

Trade Desk Inc (NASDAQ:TTD) COO Robert David Perdue sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $86.55, for a total value of $1,731,000.00. Following the transaction, the chief operating officer now owns 152,093 shares of the company’s stock, valued at $13,163,649.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • 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.
  • On Friday, June 1st, Robert David Perdue sold 68,666 shares of Trade Desk stock. The stock was sold at an average price of $88.42, for a total value of $6,071,447.72.
  • On Friday, May 11th, Robert David Perdue sold 107,500 shares of Trade Desk stock. The stock was sold at an average price of $67.68, for a total value of $7,275,600.00.

NASDAQ:TTD traded up $1.65 during trading hours on Thursday, reaching $88.49. The company had a trading volume of 509,800 shares, compared to its average volume of 1,061,291. Trade Desk Inc has a one year low of $40.70 and a one year high of $97.87. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 74.36, a price-to-earnings-growth ratio of 2.66 and a beta of 2.08.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, May 10th. The technology company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.24. Trade Desk had a return on equity of 24.07% and a net margin of 16.14%. The firm had revenue of $85.70 million for the quarter, compared to analysts’ expectations of $73.25 million. During the same period in the prior year, the business posted $0.18 earnings per share. The business’s revenue was up 60.5% compared to the same quarter last year. equities research analysts forecast that Trade Desk Inc will post 1.41 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Pitcairn Co. bought a new stake in Trade Desk in the second quarter valued at $554,000. Kornitzer Capital Management Inc. KS bought a new stake in Trade Desk in the second quarter valued at $11,068,000. Jennison Associates LLC bought a new stake in Trade Desk in the second quarter valued at $37,534,000. Rice Hall James & Associates LLC grew its position in Trade Desk by 4.1% in the second quarter. Rice Hall James & Associates LLC now owns 232,390 shares of the technology company’s stock valued at $21,798,000 after acquiring an additional 9,105 shares during the period. Finally, First Trust Advisors LP grew its position in Trade Desk by 102.2% in the second quarter. First Trust Advisors LP now owns 42,603 shares of the technology company’s stock valued at $3,996,000 after acquiring an additional 21,531 shares during the period. Hedge funds and other institutional investors own 73.65% of the company’s stock.

A number of research firms have recently issued reports on TTD. Pivotal Research began coverage on Trade Desk in a research report on Monday, July 9th. They set a “sell” rating and a $58.00 price objective on the stock. Nomura began coverage on Trade Desk in a research report on Tuesday, July 10th. They set a “neutral” rating and a $87.00 price objective on the stock. Susquehanna Bancshares boosted their price objective on Trade Desk from $81.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, June 14th. Vertical Group cut Trade Desk from a “buy” rating to a “hold” rating in a research report on Thursday, June 14th. Finally, Oppenheimer boosted their price objective on Trade Desk to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Trade Desk has a consensus rating of “Buy” and an average target price of $77.06.

Trade Desk Company Profile

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.

Recommended Story: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

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

Receive News & Ratings for Trade Desk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trade Desk and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply