Trade Desk Sees Unusually Large Options Volume (NASDAQ:TTD)

The Trade Desk (NASDAQ:TTD) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 81,084 call options on the stock. This is an increase of 37% compared to the typical daily volume of 59,144 call options.

Trade Desk Price Performance

NASDAQ TTD opened at $81.13 on Thursday. The business’s fifty day moving average is $73.35 and its 200-day moving average is $77.71. The stock has a market capitalization of $39.87 billion, a price-to-earnings ratio of 98.94, a PEG ratio of 3.69 and a beta of 1.36. Trade Desk has a one year low of $42.96 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $616.02 million for the quarter, compared to analyst estimates of $575.62 million. Trade Desk had a net margin of 16.04% and a return on equity of 15.41%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Research analysts expect that Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total value of $2,287,603.44. Following the completion of the sale, the director directly owned 66,985 shares of the company’s stock, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the transaction, the chief executive officer owned 17,018 shares in the company, valued at $1,361,950.54. This represents a 61.06% decrease in their position. The disclosure for this sale can be found here. 9.74% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trade Desk

Several large investors have recently modified their holdings of TTD. Douglass Winthrop Advisors LLC lifted its stake in Trade Desk by 2.7% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 4,464 shares of the technology company’s stock worth $525,000 after purchasing an additional 117 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in shares of Trade Desk by 2.6% during the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock valued at $315,000 after buying an additional 144 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of Trade Desk by 17.2% in the fourth quarter. Anchor Investment Management LLC now owns 1,020 shares of the technology company’s stock worth $120,000 after buying an additional 150 shares during the period. Tradition Wealth Management LLC lifted its stake in shares of Trade Desk by 2.4% in the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock valued at $347,000 after acquiring an additional 150 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co increased its stake in Trade Desk by 2.8% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 5,857 shares of the technology company’s stock worth $320,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analyst Ratings Changes

TTD has been the topic of several recent research reports. Stifel Nicolaus cut their price target on Trade Desk from $122.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Royal Bank Of Canada lowered their target price on Trade Desk from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. UBS Group reissued a “buy” rating and issued a $105.00 price target (up previously from $80.00) on shares of Trade Desk in a research report on Wednesday. Piper Sandler boosted their price target on shares of Trade Desk from $55.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Finally, Evercore ISI raised shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research note on Friday, June 27th. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, Trade Desk has an average rating of “Moderate Buy” and an average target price of $98.03.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers 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.