The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green Sells 18,207 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 18,207 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total value of $2,283,886.08. Following the completion of the transaction, the chief executive officer now owns 704,229 shares in the company, valued at approximately $88,338,485.76. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Trade Desk Trading Down 2.2 %

Trade Desk stock opened at $118.80 on Friday. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53. The company has a fifty day simple moving average of $126.73 and a 200 day simple moving average of $111.77. The company has a market cap of $58.64 billion, a P/E ratio of 194.75, a price-to-earnings-growth ratio of 6.00 and a beta of 1.45.

Wall Street Analyst Weigh In

TTD has been the topic of several recent research reports. Evercore ISI raised their target price on shares of Trade Desk from $110.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Needham & Company LLC raised their price objective on shares of Trade Desk from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Stifel Nicolaus upped their target price on shares of Trade Desk from $111.00 to $136.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Scotiabank began coverage on Trade Desk in a research report on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 price target on the stock. Finally, Piper Sandler reiterated an “overweight” rating and issued a $140.00 price objective (up previously from $110.00) on shares of Trade Desk in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.83.

Hedge Funds Weigh In On Trade Desk

Several hedge funds have recently modified their holdings of TTD. Ithaka Group LLC grew its stake in Trade Desk by 4.5% in the third quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock valued at $12,378,000 after purchasing an additional 4,836 shares in the last quarter. Venture Visionary Partners LLC boosted its holdings in shares of Trade Desk by 33.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock valued at $1,898,000 after buying an additional 4,296 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Trade Desk by 36.2% in the fourth quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after buying an additional 358,350 shares in the last quarter. Assetmark Inc. raised its position in Trade Desk by 2,461.2% during the third quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock worth $8,066,000 after acquiring an additional 70,687 shares in the last quarter. Finally, Swiss National Bank raised its position in Trade Desk by 0.3% during the third quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

About Trade Desk

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.