Jeffrey Terry Green Sells 75,000 Shares of The Trade Desk, Inc. (NASDAQ:TTD) Stock

Posted by Defense World Staff on Nov 4th, 2023

The Trade Desk, Inc. (NASDAQ:TTD – Get Free Report) CEO Jeffrey Terry Green sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $74.94, for a total value of $5,620,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,209,221 shares in the company, valued at approximately $90,619,021.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffrey Terry Green also recently made the following trade(s):

On Tuesday, October 31st, Jeffrey Terry Green sold 23,004 shares of Trade Desk stock. The stock was sold at an average price of $71.01, for a total value of $1,633,514.04.
On Friday, October 13th, Jeffrey Terry Green sold 25,250 shares of Trade Desk stock. The stock was sold at an average price of $84.90, for a total value of $2,143,725.00.
On Wednesday, October 11th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $85.62, for a total value of $6,421,500.00.
On Monday, October 2nd, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $78.44, for a total value of $5,883,000.00.
On Thursday, September 28th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $76.70, for a total value of $5,752,500.00.
On Thursday, September 14th, Jeffrey Terry Green sold 75,000 shares of Trade Desk stock. The shares were sold at an average price of $84.80, for a total value of $6,360,000.00.

Trade Desk Price Performance

Trade Desk stock opened at $79.08 on Friday. The stock’s 50-day moving average is $78.50 and its 200-day moving average is $75.72. The company has a market cap of $38.77 billion, a price-to-earnings ratio of 304.17, a price-to-earnings-growth ratio of 6.16 and a beta of 1.68. The Trade Desk, Inc. has a 12 month low of $39.43 and a 12 month high of $91.85.

Trade Desk (NASDAQ:TTD – Get Free Report) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Trade Desk had a net margin of 7.46% and a return on equity of 6.43%. The company had revenue of $464.25 million during the quarter, compared to analyst estimates of $455.21 million. Research analysts anticipate that The Trade Desk, Inc. will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Trade Desk

Hedge funds have recently bought and sold shares of the business. BOKF NA bought a new position in Trade Desk during the 1st quarter worth approximately $26,000. Cullen Frost Bankers Inc. bought a new stake in Trade Desk during the 3rd quarter valued at $29,000. MUFG Americas Holdings Corp acquired a new position in shares of Trade Desk during the 3rd quarter valued at $30,000. RFP Financial Group LLC acquired a new position in shares of Trade Desk during the 2nd quarter valued at $32,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Trade Desk by 42.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 625 shares of the technology company’s stock valued at $38,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 68.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TTD. BTIG Research raised Trade Desk from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Friday, July 28th. Wells Fargo & Company upped their price objective on Trade Desk from $82.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Piper Sandler upped their price objective on Trade Desk from $77.00 to $100.00 in a research report on Friday, July 14th. Stephens restated an “overweight” rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Thursday, August 31st. Finally, Susquehanna upped their price objective on Trade Desk from $90.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.36.

Check Out Our Latest Analysis on TTD

Trade Desk Company Profile

(Get Free Report)

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