Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) CEO Sells 18,207 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD) CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the sale, the chief executive officer now owns 704,229 shares of the company’s stock, valued at approximately $88,338,485.76. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Trade Desk Price Performance

NASDAQ TTD traded down $2.72 during trading hours on Friday, hitting $118.80. 2,925,448 shares of the company’s stock traded hands, compared to its average volume of 3,094,839. The firm’s 50-day moving average is $126.73 and its 200-day moving average is $111.77. The Trade Desk, Inc. has a 52-week low of $61.47 and a 52-week high of $141.53. The company has a market capitalization of $58.64 billion, a PE ratio of 194.75, a PEG ratio of 6.00 and a beta of 1.45.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TTD shares. KeyCorp boosted their target price on shares of Trade Desk from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday. Macquarie upped their target price on Trade Desk from $133.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Wells Fargo & Company assumed coverage on Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 target price on the stock. BTIG Research boosted their price target on Trade Desk from $114.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird upped their price objective on Trade Desk from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and an average target price of $129.83.

Institutional Investors Weigh In On Trade Desk

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Edgewood Management LLC boosted its stake in Trade Desk by 133.3% during the third quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after buying an additional 5,675,571 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Trade Desk by 11.0% during the 3rd quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after acquiring an additional 2,013,047 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. International Assets Investment Management LLC increased its position in Trade Desk by 10,856.6% during the third quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after purchasing an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Trade Desk by 100.2% during the second quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after purchasing an additional 872,555 shares during the last quarter. Institutional investors and hedge funds 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.