Trade Desk (NASDAQ:TTD) announced its quarterly earnings results on Thursday. The technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.51, Bloomberg Earnings reports. The company had revenue of $159.90 million for the quarter, compared to the consensus estimate of $155.26 million. Trade Desk had a net margin of 17.41% and a return on equity of 24.41%. Trade Desk’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Trade Desk updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.
TTD stock opened at $271.94 on Friday. Trade Desk has a 12 month low of $102.35 and a 12 month high of $289.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.62 and a current ratio of 1.62. The business’s 50-day moving average price is $246.28. The stock has a market cap of $11.45 billion, a PE ratio of 141.64, a PEG ratio of 7.04 and a beta of 2.72.
In related news, CMO Susan Vobejda sold 1,240 shares of Trade Desk stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $264.39, for a total transaction of $327,843.60. Following the completion of the transaction, the chief marketing officer now directly owns 37,704 shares of the company’s stock, valued at approximately $9,968,560.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vivian Yang sold 2,142 shares of Trade Desk stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $262.64, for a total transaction of $562,574.88. Following the transaction, the insider now directly owns 43,366 shares of the company’s stock, valued at $11,389,646.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,833 shares of company stock valued at $33,746,371. 17.44% of the stock is owned by corporate insiders.
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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).
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