Jeffrey Terry Green Sells 10,000 Shares of Trade Desk Inc (NASDAQ:TTD) Stock

Trade Desk Inc (NASDAQ:TTD) CEO Jeffrey Terry Green sold 10,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $209.66, for a total transaction of $2,096,600.00. Following the completion of the sale, the chief executive officer now directly owns 99,650 shares of the company’s stock, valued at approximately $20,892,619. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jeffrey Terry Green also recently made the following trade(s):

  • On Monday, October 21st, Jeffrey Terry Green sold 5,000 shares of Trade Desk stock. The shares were sold at an average price of $201.25, for a total transaction of $1,006,250.00.
  • On Friday, September 20th, Jeffrey Terry Green sold 5,000 shares of Trade Desk stock. The shares were sold at an average price of $207.14, for a total transaction of $1,035,700.00.
  • On Friday, August 23rd, Jeffrey Terry Green sold 288,000 shares of Trade Desk stock. The shares were sold at an average price of $258.27, for a total transaction of $74,381,760.00.

Shares of TTD stock traded up $5.15 during mid-day trading on Wednesday, reaching $229.00. 84,627 shares of the company were exchanged, compared to its average volume of 1,538,814. Trade Desk Inc has a fifty-two week low of $102.35 and a fifty-two week 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 company has a market capitalization of $8.80 billion, a P/E ratio of 119.27, a P/E/G ratio of 3.84 and a beta of 2.71. The business’s 50 day simple moving average is $196.56 and its 200 day simple moving average is $223.18.

Hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in Trade Desk by 431.8% during the second quarter. Morgan Stanley now owns 1,965,042 shares of the technology company’s stock worth $447,598,000 after purchasing an additional 1,595,529 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Trade Desk by 95.7% during the second quarter. Baillie Gifford & Co. now owns 2,518,927 shares of the technology company’s stock worth $573,761,000 after purchasing an additional 1,231,808 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Trade Desk by 72.6% during the second quarter. JPMorgan Chase & Co. now owns 2,227,743 shares of the technology company’s stock worth $515,613,000 after purchasing an additional 937,371 shares during the last quarter. Invesco Ltd. lifted its stake in Trade Desk by 166.0% during the second quarter. Invesco Ltd. now owns 664,892 shares of the technology company’s stock worth $151,449,000 after purchasing an additional 414,896 shares during the last quarter. Finally, APG Asset Management N.V. lifted its stake in Trade Desk by 1,556.7% during the second quarter. APG Asset Management N.V. now owns 157,382 shares of the technology company’s stock worth $31,479,000 after purchasing an additional 147,882 shares during the last quarter. 65.94% of the stock is owned by institutional investors and hedge funds.

TTD has been the subject of several recent research reports. ValuEngine downgraded shares of Trade Desk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Nomura raised shares of Trade Desk from a “reduce” rating to a “neutral” rating and increased their price objective for the company from $165.00 to $175.00 in a research report on Thursday, September 26th. Jefferies Financial Group downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and increased their price objective for the company from $225.00 to $250.00 in a research report on Thursday, July 18th. Royal Bank of Canada raised shares of Trade Desk from a “sector perform” rating to an “outperform” rating and set a $250.00 price objective for the company in a research report on Thursday, October 10th. Finally, Citigroup downgraded shares of Trade Desk from a “buy” rating to a “neutral” rating and raised their price target for the stock from $205.00 to $250.00 in a research report on Wednesday, July 24th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $231.19.

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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