Trade Desk Inc (NASDAQ:TTD) CTO David Randall Pickles Sells 10,000 Shares

Trade Desk Inc (NASDAQ:TTD) CTO David Randall Pickles sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $234.42, for a total value of $2,344,200.00. Following the sale, the chief technology officer now directly owns 60,123 shares in the company, valued at approximately $14,094,033.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

David Randall Pickles also recently made the following trade(s):

  • On Tuesday, October 15th, David Randall Pickles sold 10,000 shares of Trade Desk stock. The stock was sold at an average price of $209.32, for a total value of $2,093,200.00.
  • On Tuesday, September 17th, David Randall Pickles sold 10,000 shares of Trade Desk stock. The stock was sold at an average price of $213.24, for a total value of $2,132,400.00.

Shares of TTD traded down $0.40 during midday trading on Thursday, hitting $240.07. The stock had a trading volume of 1,090,500 shares, compared to its average volume of 1,528,014. The company has a 50 day simple moving average of $203.13 and a two-hundred day simple moving average of $223.76. Trade Desk Inc has a twelve month low of $102.35 and a twelve month high of $289.51. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 125.04, a price-to-earnings-growth ratio of 4.18 and a beta of 2.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.65 and a quick ratio of 1.65.

Several analysts recently commented on the company. Zacks Investment Research raised Trade Desk from a “hold” rating to a “buy” rating and set a $221.00 price objective on the stock in a research note on Saturday, October 26th. Stifel Nicolaus dropped their price objective on Trade Desk from $255.00 to $225.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Pivotal Research dropped their price target on Trade Desk from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. BidaskClub raised Trade Desk from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, SunTrust Banks reissued a “buy” rating and issued a $285.00 price target on shares of Trade Desk in a research note on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Trade Desk currently has an average rating of “Buy” and a consensus price target of $231.19.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in shares of Trade Desk by 431.8% in the 2nd quarter. Morgan Stanley now owns 1,965,042 shares of the technology company’s stock valued at $447,598,000 after acquiring an additional 1,595,529 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Trade Desk by 95.7% in the 2nd quarter. Baillie Gifford & Co. now owns 2,518,927 shares of the technology company’s stock valued at $573,761,000 after acquiring an additional 1,231,808 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Trade Desk by 72.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,227,743 shares of the technology company’s stock valued at $515,613,000 after acquiring an additional 937,371 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Trade Desk by 166.0% in the 2nd quarter. Invesco Ltd. now owns 664,892 shares of the technology company’s stock valued at $151,449,000 after acquiring an additional 414,896 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in shares of Trade Desk by 1,556.7% in the 2nd quarter. APG Asset Management N.V. now owns 157,382 shares of the technology company’s stock valued at $31,479,000 after acquiring an additional 147,882 shares in the last quarter. 68.38% of the stock is currently owned by hedge funds and other institutional investors.

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

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