On October 21, 2024, Gokul Rajaram, a Director at The Trade Desk Inc (TTD, Financial), executed a sale of 1,355 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 28,636 shares of The Trade Desk Inc.
The Trade Desk Inc operates as a technology company in the advertising sector. It provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various ad formats and devices. Established in 2009, The Trade Desk leverages technology, including data analytics and machine learning, to help advertisers improve their campaigns.
Over the past year, Gokul Rajaram has sold a total of 19,828 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed at The Trade Desk Inc, where there have been 36 insider sells and no insider buys over the last year.
Shares of The Trade Desk Inc were trading at $117.89 on the day of the sale. The company has a market cap of approximately $57.79 billion. The price-earnings ratio stands at 237.88, significantly above both the industry median of 26.04 and the company's historical median.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, The Trade Desk Inc is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.14. The GF Value of $103.63 is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of confidence levels in the company's future prospects. With the stock currently trading above its GF Value, it suggests that the market may be pricing in future growth expectations.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
