Continued Level of Significant Insider Selling at Trade Desk (TTD)

Thursday, September 21, 2017 10:15 PM ET

Continued Level of Significant Insider Selling at Trade Desk (TTD)

A filing with the SEC today indicated a significant insider sale of Trade Desk shares as — David Randall Pickles, Officer — disposed of 70,000 shares in the company having a market value of approximately $4,262,350. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 178,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 248,000 shares and have averaged 62,000 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Trade Desk is greater than the 17-company peer group average. E-commerce & Auction Services peer group saw 31 buy/sell trades during this period for an average of 1.8 transactions per company. The number of shares per buy/sell trade for Trade Desk insiders was also higher. Within the peer group there were 235,011 shares purchased and 247,450 shares sold with company insiders having sold 401 shares on average.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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