Trade Desk CEO sells more than $18 million worth of company stockBy

Trade Desk, Inc. (NASDAQ: ) President and CEO Jeffrey Terry Green has sold his holdings in the company, according to a recent filing with the U.S. Securities and Exchange Commission. Most of the shares. The transactions, which spanned several days, involved the sale of shares of Trade Desk's Class A common stock for a total amount of more than $18 million.

The sales series began on April 26, 2024, when Green sold 75,000 shares at an average price of $85.13. Subsequent sales took place on April 29, with 59,069 shares and 15,931 shares sold at average prices of $84.35 and $84.92, respectively. The last reported trade occurred on April 30, when a total of 63,936 shares were sold, at prices ranging from $84.01 to $84.55.

Investors may notice that the sales prices of these shares fall within a relatively narrow range, with the weighted average price ranging from $84.01 to $85.13. This consistency in pricing likely reflects the market's stable valuation of Trade Desk stock during this period.

It's also worth mentioning that these sales were made under a 10b5-1 trading plan, which Greene had adopted the previous year and later modified. Such schemes allow insiders to sell stock at predetermined times to avoid being accused of trading on non-public information.

Following the completion of these transactions, Green's direct and indirect ownership of Trade Desk stock decreased, but he still held a significant stake in the company. The shares sold are held by the Jeff T. Green Trust and the Jeff T. Green Family Foundation, which Green controls as trustee and sole director, respectively.

3rd party advertising. Not an offer or recommendation by disclosures here or
Remove ads

Investors often keep a close eye on insider transactions because they can provide valuable insight into what senior executives think about a company's future performance. However, it is important to consider that insider sales can arise from a variety of personal financial planning reasons and do not necessarily reflect a lack of confidence in the company.

Headquartered in Ventura, California, Trade Desk specializes in digital advertising technology, providing a platform for managing digital advertising campaigns across a variety of formats and devices.

Investment Professional Insights

As Trade Desk, Inc. (NASDAQ:TTD) steers the market following recent insider sales by CEO Jeffrey Terry Green, potential investors and existing shareholders may find the following InvestingPro Insights particularly informative. According to InvestingPro, Trade Desk's gross profit margin was as high as 81.21% for the trailing 12 months ended in the fourth quarter of 2023, underscoring the company's ability to maintain profitability amid highly competitive market conditions.

In addition, the company's revenue grew strongly by 23.34% during the same period, reflecting its expanding market coverage and effective business strategies. Despite its high price-to-earnings ratio of 228.83, Trade Desk's strong fundamentals are evident in its respectable revenue and profit margins.

InvestingPro Tips shows that Trade Desk expects net profit to grow this year, which may be in line with investor expectations for the company's future financial health. Additionally, the company's ability to hold more cash than debt on its balance sheet provides a level of financial stability that may be reassuring to investors considering the stock's future prospects. For those interested in further analysis, additional InvestingPro tips can be found at, including insights into company valuation multiples and historical returns.To delve deeper into these metrics and get access to a comprehensive suite of tools, use the coupon code PRONEWS24 Enjoy an additional 10% discount on yearly or annual Pro and Pro+ subscriptions.

3rd party advertising. Not an offer or recommendation by disclosures here or
Remove ads

Investors considering Trade Desk as an investment option should note that the company does not pay dividends to shareholders, which may impact the decision-making process for income-focused portfolios. However, with a strong return of 23.27% over the past three months, the stock has performed well in the short term. Given CEO Jeffrey Terry Green's recent stock sales, these insights may help investors better understand the company's current financial health and future potential.

This article was generated with the support of artificial intelligence and reviewed by an editor. For more information, please see our terms and conditions.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *