The CEO of Trade Desk, Inc. Sells $19.1 Million Worth of Company Stock
In a series of transactions, Jeffrey Terry Green, President and CEO of Trade Desk, Inc., a prominent player in the digital advertising sector, has sold a total of $19.1 million worth of company stock. The sales occurred over three separate days, with the stock prices ranging between $84.73 and $85.42 per share.
The first transaction took place on March 21st, with the sale of 75,000 shares at an average price of $84.78. This was followed by another batch of 75,000 shares sold on March 22nd, at an average price of $84.73. The final sale, on March 25th, saw an additional 75,000 shares sold at an average price of $85.42. These sales were executed in accordance with a pre-established 10b5-1 trading plan, which allows company insiders to sell shares at predetermined times to avoid accusations of insider trading.
Despite these transactions, Green still holds a substantial number of shares in the company, both directly and indirectly. The direct holdings and those held by the Jeff Green Trust, over which Green has investment and voting control, account for a significant portion of his investment in Trade Desk.
Investors often monitor insider sales for signals about a company’s health and future prospects. However, it’s important to note that insiders might sell shares for various reasons, such as diversifying their portfolios, tax planning, or personal financial management, which are not necessarily indicative of the company’s performance.
Trade Desk, Inc., headquartered in Ventura, California, remains a key player in the tech industry, providing a platform for buyers of advertising to manage and optimize their digital ad campaigns across various formats and devices.
As Trade Desk, Inc. (NASDAQ:TTD) continues to navigate the digital advertising landscape, the insider sales by CEO Jeffrey Terry Green have garnered attention from the market. For a deeper insight into the company’s financial health and market performance, real-time data from InvestingPro offers key insights:
– Trade Desk boasts a Market Cap of approximately $42.81 billion, showcasing its significant presence in the advertising technology sector.
– The company’s Gross Profit Margin for the last twelve months as of Q4 2023 stands at an impressive 81.21%, highlighting its profitability amidst industry competition.
– Trade Desk has experienced a Revenue Growth of 23.34% over the same period, indicating strong demand for its advertising platform services.
Investors can also find that Trade Desk has achieved a 1 Week Price Total Return of 11.74%, indicating positive short-term investor sentiment. Additionally, the company is known for its “Impressive gross profit margins,” as reflected in its financial metrics.
For further analysis and tips on Trade Desk, InvestingPro offers 17 additional tips that can provide investors with a comprehensive understanding of the company’s financial position and market outlook. By visiting https://www.investing.com/pro/TTD, investors can access these valuable insights.
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