Kathryn E. Falberg Sells 40,000 Shares of Trade Desk Inc (TTD) Stock
Trade Desk Inc (NASDAQ:TTD) Director Kathryn E. Falberg sold 40,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $205.47, for a total value of $8,218,800.00. Following the completion of the transaction, the director now owns 10,286 shares of the company’s stock, valued at approximately $2,113,464.42. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Trade Desk stock opened at $208.23 on Friday. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 108.45, a P/E/G ratio of 6.99 and a beta of 3.01. Trade Desk Inc has a one year low of $45.77 and a one year high of $209.86.
Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, February 21st. The technology company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.28. The business had revenue of $160.47 million for the quarter, compared to analysts’ expectations of $148.18 million. Trade Desk had a return on equity of 27.22% and a net margin of 18.47%. As a group, equities analysts predict that Trade Desk Inc will post 1.62 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the company. TheStreet upgraded Trade Desk from a “c” rating to a “b-” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded Trade Desk from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Tuesday, January 15th. ValuEngine upgraded Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded Trade Desk from a “hold” rating to a “buy” rating in a research report on Wednesday, November 28th. Finally, SunTrust Banks reiterated a “buy” rating and set a $195.00 price target on shares of Trade Desk in a research report on Friday, February 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $144.95.
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Trade Desk Company Profile
The Trade Desk, Inc, a technology company, provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the United States and internationally. The company's platform allows clients to manage integrated advertising campaigns in various advertising channels and formats, including connected TV, mobile, video, audio, display, social, and native on various devices, such as smart TVs, computers, and mobile phones and tablets.
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