Trade Desk Inc (NASDAQ: TTD) is 93.39% higher on its value in year-to-date trading and has touched a low of $61.47 and a high of $136.14 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 $135.16 in the last trading session, with the day’s gains setting it 4.0%.
Currently trading at $139.16, the stock is 9.52% and 15.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing 2.96% at the moment leaves the stock 40.21% off its SMA200. TTD registered 94.36% gain for a year compared to 6-month gain of 47.29%. The firm has a 50-day simple moving average (SMA 50) of $119.6036 and a 200-day simple moving average (SMA200) of $98.997.
The stock witnessed a 16.75% loss in the last 1 month and extending the period to 3 months gives it a 37.31%, and is 7.58% up 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 3.41% over the week and 3.66% over the month.
Trade Desk Inc (TTD) has around 3115 employees, a market worth around $68.69B and $2.31B in sales. Current P/E ratio is 226.02 and Fwd P/E is 71.97. Profit margin for the company is 13.34%. Distance from 52-week low is 126.37% and 2.22% from its 52-week high. The company has generated returns on investments over the last 12 months (10.79%).
with sales reaching $759.47M over the same period.The EPS is expected to grow by 30.30% this year, but quarterly earnings will post 26.59% year-over-year. Quarterly sales are estimated to grow 25.37% in year-over-year returns.
Trade Desk Inc (TTD) Top Institutional Holders
1439.0 institutions hold shares in Trade Desk Inc (TTD), with institutional investors hold 91.37% of the company’s shares. The shares outstanding are 449.53M, and float is at 447.01M with Short Float at 2.32%. Institutions hold 81.25% 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 Jacobson Samantha, the company’s Chief Strategy Officer. SEC filings show that Jacobson Samantha sold 22,062 shares of the company’s common stock on Nov 29 ’24 at a price of $128.25 per share for a total of $2.83 million. Following the sale, the insider now owns 90709.0 shares.
Still, SEC filings show that on Nov 18 ’24, Schenkein Laura (Chief Financial Officer) disposed off 3,131 shares at an average price of $117.97 for $0.37 million. The insider now directly holds 684,867 shares of Trade Desk Inc (TTD).
