Trade Desk (NASDAQ:TTD) Director Sells $1,134,816.34 in Stock

The Trade Desk (NASDAQ:TTD) Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the transaction, the director directly owned 13,099 shares in the company, valued at $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Trade Desk Stock Performance

NASDAQ TTD opened at $20.56 on Thursday. The stock’s fifty day moving average is $22.12 and its two-hundred day moving average is $29.21. The firm has a market capitalization of $9.67 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The company had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. As a group, sell-side analysts forecast that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk announced that its board has approved a share buyback plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Trade Desk

A number of institutional investors have recently modified their holdings of TTD. State Street Corp grew its stake in shares of Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after buying an additional 26,559,005 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Trade Desk by 27.7% in the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after buying an additional 12,321,000 shares in the last quarter. Norges Bank acquired a new stake in shares of Trade Desk in the fourth quarter valued at $197,550,000. Federated Hermes Inc. boosted its stake in shares of Trade Desk by 1,041.1% in the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock valued at $178,824,000 after purchasing an additional 4,298,009 shares during the period. Finally, Voloridge Investment Management LLC boosted its stake in shares of Trade Desk by 676.6% in the fourth quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock valued at $159,739,000 after purchasing an additional 3,666,189 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TTD has been the topic of a number of research analyst reports. Needham & Company LLC reduced their target price on Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Piper Sandler restated a “neutral” rating and issued a $24.00 target price on shares of Trade Desk in a research report on Friday, May 8th. New Street Research downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price on the stock. in a research report on Thursday, February 26th. Benchmark reduced their target price on Trade Desk from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Guggenheim reduced their target price on Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.91.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.