Insider Selling: The Trade Desk, Inc. (NASDAQ:TTD) Insider Sells 18,524 Shares of Stock

The Trade Desk, Inc. (NASDAQ:TTD) insider Jay R. Grant sold 18,524 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the sale, the insider now owns 169,464 shares in the company, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Trade Desk Stock Performance

TTD traded up $0.20 during trading on Thursday, reaching $117.73. 2,240,240 shares of the stock were exchanged, compared to its average volume of 3,812,001. The stock’s 50 day moving average price is $126.52 and its two-hundred day moving average price is $110.88. The Trade Desk, Inc. has a twelve month low of $61.47 and a twelve month high of $141.53. The stock has a market cap of $58.11 billion, a P/E ratio of 193.00, a price-to-earnings-growth ratio of 6.00 and a beta of 1.43.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TTD shares. BTIG Research increased their target price on shares of Trade Desk from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. KeyCorp raised their price objective on Trade Desk from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Scotiabank initiated coverage on Trade Desk in a research note on Thursday, December 5th. They issued a “sector perform” rating and a $133.00 target price for the company. Wells Fargo & Company started coverage on Trade Desk in a report on Monday, October 28th. They set an “overweight” rating and a $150.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of Trade Desk in a research report on Thursday, December 19th. One investment 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 company has an average rating of “Moderate Buy” and a consensus target price of $127.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Edgewood Management LLC boosted its stake in shares of Trade Desk by 133.3% during the 3rd quarter. Edgewood Management LLC now owns 9,934,156 shares of the technology company’s stock worth $1,089,280,000 after acquiring an additional 5,675,571 shares during the period. Jennison Associates LLC increased its holdings in shares of Trade Desk by 11.0% in the third quarter. Jennison Associates LLC now owns 20,320,769 shares of the technology company’s stock valued at $2,228,172,000 after purchasing an additional 2,013,047 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Trade Desk by 4.7% in the third quarter. Baillie Gifford & Co. now owns 38,716,074 shares of the technology company’s stock valued at $4,245,218,000 after purchasing an additional 1,720,650 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Trade Desk by 10,856.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,572,820 shares of the technology company’s stock worth $172,460,000 after buying an additional 1,558,465 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Trade Desk by 100.2% during the 2nd quarter. Marshall Wace LLP now owns 1,743,369 shares of the technology company’s stock worth $170,275,000 after buying an additional 872,555 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

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.