Trade Desk Inc (TTD) CFO Paul Ross Sells 3,729 Shares
Trade Desk Inc (NASDAQ:TTD) CFO Paul Ross sold 3,729 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $59.71, for a total transaction of $222,658.59. Following the completion of the transaction, the chief financial officer now owns 71,101 shares of the company’s stock, valued at approximately $4,245,440.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Trade Desk Inc (NASDAQ TTD) opened at $56.91 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $2,231.14, a price-to-earnings ratio of 46.03, a P/E/G ratio of 1.84 and a beta of 1.45. Trade Desk Inc has a 12 month low of $34.79 and a 12 month high of $67.30.
Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, February 22nd. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. The firm had revenue of $102.60 million during the quarter, compared to the consensus estimate of $101.71 million. Trade Desk had a net margin of 16.48% and a return on equity of 26.73%. The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. analysts expect that Trade Desk Inc will post 1.18 EPS for the current year.
Several equities analysts have commented on the stock. Vetr upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $56.79 price target for the company in a research note on Monday. Wells Fargo & Co restated a “buy” rating and issued a $62.00 price target on shares of Trade Desk in a research note on Friday, February 23rd. Citigroup boosted their price target on shares of Trade Desk from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Stifel Nicolaus set a $69.00 target price on shares of Trade Desk and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Thursday, January 11th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $65.21.
About Trade Desk
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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