Robert David Perdue Sells 903 Shares of Trade Desk Inc (TTD) Stock

Trade Desk Inc (NASDAQ:TTD) COO Robert David Perdue sold 903 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $124.79, for a total value of $112,685.37. Following the sale, the chief operating officer now owns 132,996 shares in the company, valued at approximately $16,596,570.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Robert David Perdue also recently made the following trade(s):

  • On Monday, October 1st, Robert David Perdue sold 902 shares of Trade Desk stock. The shares were sold at an average price of $151.49, for a total value of $136,643.98.
  • On Tuesday, September 4th, Robert David Perdue sold 5,485 shares of Trade Desk stock. The shares were sold at an average price of $144.39, for a total value of $791,979.15.

TTD opened at $127.95 on Friday. Trade Desk Inc has a 12-month low of $40.70 and a 12-month high of $161.50. The firm has a market cap of $5.49 billion, a PE ratio of 103.19, a PEG ratio of 4.84 and a beta of 3.16.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 9th. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Trade Desk had a return on equity of 21.65% and a net margin of 14.59%. The business had revenue of $112.30 million for the quarter, compared to the consensus estimate of $103.87 million. During the same quarter in the prior year, the company earned $0.52 EPS. The business’s revenue was up 54.3% compared to the same quarter last year. On average, research analysts forecast that Trade Desk Inc will post 1.44 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd bought a new position in shares of Trade Desk during the 3rd quarter worth $352,000. CIBC Asset Management Inc bought a new position in shares of Trade Desk during the 3rd quarter worth $227,000. Meeder Asset Management Inc. bought a new position in shares of Trade Desk during the 3rd quarter worth $294,000. Stratos Wealth Partners LTD. bought a new position in shares of Trade Desk during the 3rd quarter worth $422,000. Finally, Pitcairn Co. grew its position in shares of Trade Desk by 27.3% during the 3rd quarter. Pitcairn Co. now owns 7,533 shares of the technology company’s stock worth $1,137,000 after buying an additional 1,617 shares in the last quarter. 70.47% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on TTD shares. Citigroup started coverage on Trade Desk in a research report on Tuesday, October 2nd. They issued a “neutral” rating and a $138.00 price objective on the stock. They noted that the move was a valuation call. Zacks Investment Research raised Trade Desk from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Friday, August 24th. BidaskClub raised Trade Desk from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 14th. SunTrust Banks upped their price objective on Trade Desk to $120.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $170.00 price objective (up previously from $126.00) on shares of Trade Desk in a research report on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Trade Desk has an average rating of “Buy” and a consensus target price of $118.00.

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 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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Insider Buying and Selling by Quarter for Trade Desk (NASDAQ:TTD)

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