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Feb 16, 2025 7:00 PM - Andrew Wynn(Last modified: Feb 17, 2025 2:24 PM)
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The Trade Desk, Inc. (NASDAQ:TTD) is under scrutiny as The Schall Law Firm investigates potential securities law violations. The focus is on whether the company misled investors or withheld crucial information. The Trade Desk, a leader in digital advertising technology, recently reported disappointing financial results, which has raised concerns among investors and prompted a significant stock price drop.
The company's fourth-quarter 2024 revenue of approximately $741 million fell short of the estimated $759 million, contributing to the investigation. Despite reporting earnings per share of $0.59, slightly above the estimated $0.57, the revenue miss and lower-than-expected guidance for the first quarter of 2025 have alarmed investors. The Trade Desk attributes its underperformance to internal reorganizations affecting execution.
The stock price of Trade Desk plummeted by nearly 33% on February 13, 2025, following the disappointing financial results. Currently trading at $80.16, the stock has seen a decrease of 2.15%, with a trading range between $80.10 and $83.60. The company's market capitalization is approximately $39.56 billion, with a trading volume of 19.34 million shares.
Adding to the concerns, Jeffrey Terry Green, the company's director, 10 percent owner, and CEO, sold 256,075 shares of Class A Common Stock at $120.47 each on February 11, 2025. This transaction, occurring just before the financial results announcement, has raised questions about insider activity. Green now holds 107,625 shares of the company's stock.
The Schall Law Firm, known for its expertise in securities class action lawsuits, is offering free consultations to affected investors. Shareholders who have incurred losses are encouraged to join the securities fraud investigation. The firm's involvement highlights the seriousness of the situation and the potential implications for The Trade Desk and its investors.
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