Crazy Volume Spikes for: The Trade Desk inc (NASDAQ:TTD)

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

Trade Desk has a one year low of $40.70 and a one year high of $97.87. The stock was sold at an average price of $75.32, for a total value of $1,002,132.60. Following the sale, the insider now directly owns 44,848 shares of the company's stock, valued at approximately $3,719,244.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, the recent close suggests the stock is underpriced by 9.58% compared to the most bullish target.

Shares of Trade Desk traded up $34.64, reaching $127.93, during trading hours on Friday, Marketbeat reports.

For the ongoing Fiscal Quarter, 10 analysts have an average earnings forecast of $0.46 per share. The company's market cap is $3.93 Billion, and the average volume is $1.28 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. (TTD) remained successful in beating the consensus-estimated $0.1 as it actually earned $0.34 per share in its last reported financial results. Trade Desk had 16 analyst reports since February 23, 2018 according to SRatingsIntel.

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According to 11 analysts, the Average Revenue Estimate for the current Fiscal quarter is $109.14 Million and the Low Revenue estimate is $106.77 Million, while the High Revenue estimate is $112 Million. The fund owned 258,349 shares of the technology company's stock after selling 57,443 shares during the quarter.

A number of equities research analysts have commented on the company. Royal Bank of Canada raised their price objective on Trade Desk to $80.00 and gave the company an "outperform" rating in a research note on Friday, May 11th. Zacks Investment Research upgraded Trade Desk from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 25th. Finally, Vertical Group downgraded Trade Desk from a "buy" rating to a "hold" rating in a research note on Thursday, June 14th. Pivotal Research started coverage on Trade Desk in a research report on Monday, July 9th. The stock now has an average rating of "Buy" and a consensus target price of $77.06.

The Ventura, California-based company said it had a profit of $19.3 million, or $0.43 per share during the quarter. Atria Investments LLC purchased a new position in Trade Desk during the second quarter valued at approximately $235,000. Wells Fargo & Company MN now owns 132,432 shares of the technology company's stock valued at $6,571,000 after purchasing an additional 21,546 shares during the period. Advisor Group Inc. grew its holdings in shares of Trade Desk by 39.7% in the fourth quarter. Advisor Group Inc. now owns 5,578 shares of the technology company's stock valued at $254,000 after buying an additional 1,584 shares during the period.

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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