Trade Desk Inc (NASDAQ: TTD) is 38.56% higher on its value in year-to-date trading and has touched a low of $60.23 and a high of $105.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TTD stock was last observed hovering at around $99.32 in the last trading session, with the day’s gains setting it 0.39%.
Currently trading at $99.71, the stock is -2.10% and 2.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.94 million and changing 0.39% at the moment leaves the stock 17.19% off its SMA200. TTD registered 18.86% gain for a year compared to 6-month gain of 22.42%.
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The stock witnessed a 0.41% loss in the last 1 month and extending the period to 3 months gives it a 7.62%, and is -1.25% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.54% over the week and 2.70% over the month.
Trade Desk Inc (TTD) has around 3115 employees, a market worth around $48.77B and $2.17B in sales. Current P/E ratio is 196.74 and Fwd P/E is 53.45. Profit margin for the company is 11.65%. Distance from 52-week low is 65.55% and -5.39% from its 52-week high. The company has generated returns on investments over the last 12 months (9.71%).
The EPS is expected to grow by 27.48% this year.
Trade Desk Inc (TTD) Top Institutional Holders
1378.0 institutions hold shares in Trade Desk Inc (TTD), with institutional investors hold 80.43% of the company’s shares. The shares outstanding are 445.00M, and float is at 441.98M with Short Float at 2.27%. Institutions hold 79.72% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 42.29 million shares valued at $4.13 billion. The investor’s holdings represent 8.6552% of the TTD Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 37.0 million shares valued at $3.61 billion to account for 7.5725 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 24.39 million shares representing 4.9924% and valued at over $2.38 billion, while MORGAN STANLEY holds 4.0281 of the shares totaling 19.68 million with a market value of $1.92 billion.
Trade Desk Inc (TTD) Insider Activity
The most recent transaction is an insider sale by Green Jeffrey Terry, the company’s President and CEO. SEC filings show that Green Jeffrey Terry sold 283,429 shares of the company’s common stock on Aug 26 ’24 at a price of $104.20 per share for a total of $29.53 million. Following the sale, the insider now owns 0.38 million shares.
Trade Desk Inc disclosed in a document filed with the SEC on Aug 22 ’24 that Green Jeffrey Terry (President and CEO) sold a total of 135,922 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $103.72 per share for $14.1 million. Following the transaction, the insider now directly holds 0.66 million shares of the TTD stock.
Still, SEC filings show that on Aug 22 ’24, Rajaram Gokul (Director) disposed off 1,355 shares at an average price of $104.69 for $0.14 million. The insider now directly holds 31,346 shares of Trade Desk Inc (TTD).
