Trade Desk Inc (NASDAQ:TTD) CTO David Randall Pickles sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $248.84, for a total transaction of $2,488,400.00. Following the completion of the transaction, the chief technology officer now owns 60,123 shares in the company, valued at approximately $14,961,007.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

David Randall Pickles also recently made the following trade(s):

  • On Tuesday, July 16th, David Randall Pickles sold 10,000 shares of Trade Desk stock. The stock was sold at an average price of $245.01, for a total transaction of $2,450,100.00.
  • On Tuesday, June 18th, David Randall Pickles sold 10,000 shares of Trade Desk stock. The stock was sold at an average price of $247.77, for a total transaction of $2,477,700.00.

Shares of NASDAQ TTD traded up $9.99 during trading on Wednesday, reaching $260.11. The stock had a trading volume of 1,660,091 shares, compared to its average volume of 1,526,040. Trade Desk Inc has a one year low of $102.35 and a one year high of $289.51. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $11.18 billion, a PE ratio of 135.47, a P/E/G ratio of 4.94 and a beta of 2.72. The firm’s 50 day moving average price is $251.22 and its two-hundred day moving average price is $213.79.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.51. Trade Desk had a return on equity of 23.63% and a net margin of 17.44%. The business had revenue of $159.90 million during the quarter, compared to the consensus estimate of $155.26 million. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was up 42.4% on a year-over-year basis. On average, research analysts expect that Trade Desk Inc will post 1.83 earnings per share for the current year.

TTD has been the subject of several research reports. Citigroup lowered shares of Trade Desk from a “buy” rating to a “neutral” rating and increased their price objective for the company from $205.00 to $250.00 in a research report on Wednesday, July 24th. Raymond James lowered Trade Desk from an “outperform” rating to a “market perform” rating and set a $210.00 price target on the stock. in a research report on Friday, August 9th. Oppenheimer boosted their price target on Trade Desk from $210.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. DA Davidson upped their target price on Trade Desk to $220.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, BidaskClub raised Trade Desk from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $225.67.

A number of institutional investors and hedge funds have recently modified their holdings of TTD. Geode Capital Management LLC boosted its stake in Trade Desk by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 392,123 shares of the technology company’s stock worth $45,509,000 after purchasing an additional 31,525 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Trade Desk by 725.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,650 shares of the technology company’s stock worth $327,000 after acquiring an additional 1,450 shares in the last quarter. Pennsylvania Trust Co purchased a new stake in Trade Desk in the 1st quarter worth $349,000. Strs Ohio increased its holdings in Trade Desk by 221.7% in the 1st quarter. Strs Ohio now owns 41,500 shares of the technology company’s stock worth $8,214,000 after acquiring an additional 28,600 shares in the last quarter. Finally, Financial Gravity Wealth Inc. purchased a new stake in Trade Desk in the 1st quarter worth $62,000. Hedge funds and other institutional investors own 68.86% of the company’s stock.

About Trade Desk

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 display, video, audio, native and social, and on a multitude of devices, such as computers, mobile devices, and connected TV (CTV).

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