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 Trade Desk stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $125.44, for a total value of $2,283,886.08. Following the transaction, the chief executive officer now owns 704,229 shares of the company’s stock, valued at $88,338,485.76. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Trade Desk Trading Down 2.2 %

TTD opened at $118.80 on Friday. The company has a market cap of $58.64 billion, a P/E ratio of 194.75, a PEG ratio of 6.00 and a beta of 1.45. The company’s 50 day moving average is $126.73 and its 200-day moving average is $111.77. The Trade Desk, Inc. has a 1-year low of $61.47 and a 1-year high of $141.53.

Institutional Trading of Trade Desk

A number of hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its stake in shares of Trade Desk by 37.7% in the 3rd quarter. Avior Wealth Management LLC now owns 365 shares of the technology company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Quarry LP acquired a new position in Trade Desk in the 2nd quarter worth about $41,000. Brown Lisle Cummings Inc. raised its position in Trade Desk by 66.7% in the third quarter. Brown Lisle Cummings Inc. now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 150 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Trade Desk by 194.5% during the third quarter. JFS Wealth Advisors LLC now owns 374 shares of the technology company’s stock valued at $41,000 after purchasing an additional 247 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Trade Desk during the third quarter worth about $51,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of research analyst reports. New Street Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $85.00 to $115.00 in a research report on Monday, November 25th. Wells Fargo & Company initiated coverage on shares of Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 target price for the company. Benchmark reissued a “sell” rating and issued a $57.00 price target on shares of Trade Desk in a report on Friday, November 8th. BTIG Research raised their price objective on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial upped their target price on Trade Desk from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.83.

Trade Desk Company Profile

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.