A noteworthy insider acquisition was disclosed on April 25, as Grant, Chief Legal Officer at Trade Desk (NASDAQ:TTD), reported the acquisition of stock options for 121,684 shares.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Grant, Chief Legal Officer at Trade Desk, a company in the Communication Services sector, acquired stock options for 121,684 shares of TTD. The options allow Grant to buy the company's stock at $81.07 per share.
The latest update on Friday morning shows Trade Desk shares up by 2.27%, trading at $85.23. At this price, Grant's 121,684 shares are worth $506,205.
All You Need to Know About Trade Desk
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.
Breaking Down Trade Desk's Financial Performance
Revenue Growth: Trade Desk's revenue growth over a period of 3 months has been ...