The Trade Desk Inc. (NASDAQ:TTD) insider Brian John Stempeck sold 35,000 shares of The Trade Desk stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $49.19, for a total transaction of $1,721,650.00. Following the sale, the insider now directly owns 27,925 shares of the company’s stock, valued at $1,373,630.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Brian John Stempeck also recently made the following trade(s):
- On Thursday, June 1st, Brian John Stempeck sold 35,000 shares of The Trade Desk stock. The stock was sold at an average price of $54.56, for a total transaction of $1,909,600.00.
Shares of The Trade Desk Inc. (TTD) opened at 49.90 on Monday. The Trade Desk Inc. has a 1-year low of $22.00 and a 1-year high of $57.57. The firm has a 50-day moving average of $51.94 and a 200 day moving average of $38.87. The company has a market capitalization of $1.99 billion and a P/E ratio of 50.05.
The Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 11th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.17. The firm had revenue of $53.40 million during the quarter, compared to the consensus estimate of $43.30 million. The business’s revenue was up 75.7% on a year-over-year basis. On average, analysts anticipate that The Trade Desk Inc. will post $1.08 EPS for the current year.
A number of analysts have recently issued reports on TTD shares. Zacks Investment Research raised shares of The Trade Desk from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Friday, May 19th. Jefferies Group LLC reissued a “buy” rating and issued a $57.00 price target (up from $41.00) on shares of The Trade Desk in a research note on Sunday, May 14th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $60.00 price target (up from $41.00) on shares of The Trade Desk in a research note on Friday, May 12th. Cantor Fitzgerald raised shares of The Trade Desk from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $45.00 to $56.00 in a research note on Friday, May 12th. Finally, Vetr raised shares of The Trade Desk from a “sell” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Thursday, March 30th. Nine investment analysts have rated the stock with a buy rating, The Trade Desk presently has a consensus rating of “Buy” and an average target price of $52.67.
Several large investors have recently added to or reduced their stakes in TTD. Wellington Management Group LLP raised its stake in shares of The Trade Desk by 2,223.5% in the first quarter. Wellington Management Group LLP now owns 3,437,494 shares of the technology company’s stock worth $128,047,000 after buying an additional 3,289,552 shares during the last quarter. Alliancebernstein L.P. acquired a new position in The Trade Desk during the first quarter worth approximately $70,071,000. FMR LLC increased its position in The Trade Desk by 2,598.3% in the first quarter. FMR LLC now owns 1,397,700 shares of the technology company’s stock worth $52,064,000 after buying an additional 1,345,900 shares during the period. Sumitomo Mitsui Asset Management Company LTD acquired a new position in The Trade Desk during the first quarter worth approximately $24,823,000. Finally, Vanguard Group Inc. increased its position in The Trade Desk by 149.9% in the first quarter. Vanguard Group Inc. now owns 1,109,222 shares of the technology company’s stock worth $41,319,000 after buying an additional 665,330 shares during the period. Hedge funds and other institutional investors own 52.45% of the company’s stock.
The Trade Desk Company Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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