The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) Director Andrea Lee Cunningham sold 2,504 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $85.75, for a total value of $214,718.00. Following the sale, the director now owns 3,225 shares in the company, valued at $276,543.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Trade Desk Stock Performance
Shares of TTD stock opened at $83.38 on Friday. The firm’s 50 day moving average price is $81.94 and its two-hundred day moving average price is $71.28. The Trade Desk, Inc. has a 52-week low of $39.43 and a 52-week high of $91.85. The stock has a market cap of $40.87 billion, a PE ratio of 320.70, a PEG ratio of 7.43 and a beta of 1.72.
Trade Desk (NASDAQ:TTD – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $464.25 million during the quarter, compared to the consensus estimate of $455.21 million. Trade Desk had a return on equity of 6.43% and a net margin of 7.46%. As a group, sell-side analysts predict that The Trade Desk, Inc. will post 0.48 earnings per share for the current fiscal year.
Analyst Ratings Changes
Hedge Funds Weigh In On Trade Desk
Institutional investors have recently modified their holdings of the stock. BOKF NA bought a new position in Trade Desk during the 1st quarter worth approximately $26,000. Baldrige Asset Management LLC acquired a new stake in Trade Desk in the first quarter worth $30,000. MUFG Americas Holdings Corp bought a new position in shares of Trade Desk during the third quarter worth $30,000. RFP Financial Group LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at $32,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Trade Desk in the 4th quarter valued at $34,000. 68.23% of the stock is currently owned by institutional investors and hedge funds.
About Trade Desk
The Trade Desk, Inc operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.
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