Trade Desk Inc (TTD) Impresses Wall Street With Big Earnings Beat

Brian John Stempeck Sells 10,000 Shares of Trade Desk Inc (TTD) Stock

Following the sale, the insider now directly owns 55,020 shares of the company's stock, valued at approximately $5,954,814.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul Ross sold 13,305 shares of Trade Desk stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $80.90, for a total value of $354,503.80.

Trade Desk opened at $93.29 on Friday, according to Marketbeat Ratings. About 10.28 million shares traded or 628.95% up from the average. The 52-Week High range of the stock is $97.87, while the 52-week low range is $40.7. That compares with the recent volume average of 2.55 million.

Recently, In an analyst report issued to clients on Friday morning, Trade Desk (TTD) shares have had their "Neutral" Rating reconfirmed by stock analysts at Nomura, who now has a $101 target price per share on firm. Trade Desk had 16 analyst reports since February 23, 2018 according to SRatingsIntel. The business had revenue of $112.30 million during the quarter, compared to analyst estimates of $103.87 million.

For the quarter, Trade Desk reported revenue of $112.3 million and adjusted earnings of 60 cents a share.

Trade Desk Inc. shares surged in the extended session Thursday after the ad-tech company topped Wall Street estimates.

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TTD has been the topic of several research analyst reports. BidaskClub raised Trade Desk from a "sell" rating to a "hold" rating in a report on Thursday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. (NASDAQ:TTD) analysts on average have given a price target of $85.67 on TTD stock.

The company had seen its current volume reaching at 1.85 million shares in the last trade. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Trade Desk by 90.7% during the fourth quarter. Atria Investments LLC purchased a new position in Trade Desk during the second quarter valued at approximately $235,000. Deutsche Bank AG now owns 52,130 shares of the technology company's stock worth $2,382,000 after acquiring an additional 15,783 shares during the period.

The Trade Desk, Inc.is a technology company that provides a self-service omnichannel software platform that enables clients to purchase and manage data-driven digital advertising campaigns in the US and internationally. We continued to see marketers spend disproportionately more with The Trade Desk as they look beyond the few search and social sites that historically captured the most advertising dollars. Following the sale, the chief financial officer now owns 65,345 shares of the company's stock, valued at $5,286,410.50.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.

The Trade Desk, Inc., a technology company, operates a self-service cloud platform that enables advertising buyers to create, manage, and optimize data-driven digital advertising campaigns using their own teams in the United States and internationally.

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