In yesterday’s Wall Street session, Trade Desk Inc (NASDAQ:TTD) shares traded at $63.46, down -0.86% from the previous session.
TTD stock price is now -18.74% away from the 50-day moving average and -10.01% away from the 200-day moving average. The market capitalization of the company currently stands at $31.11B.
In other news, Green Jeffrey Terry, President and CEO sold 75,000 shares of the company’s stock on Nov 02. The stock was sold for $5,620,745 at an average price of $74.94. Upon completion of the transaction, the President and CEO now directly owns 1,209,221 shares in the company, valued at $76.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, President and CEO Green Jeffrey Terry sold 55,520 shares of the business’s stock. A total of $3,945,251 was realized by selling the stock at an average price of $71.06. This leaves the insider owning 1,284,221 shares of the company worth $81.5 million. Insiders disposed of 1,746,763 shares of company stock worth roughly $110.85 million over the past 1 year. A total of 9.88% of the company’s stock is owned by insiders.
On Monday morning Trade Desk Inc (NASDAQ: TTD) stock kicked off with the opening price of $64.15. During the past 12 months, Trade Desk Inc has had a low of $41.20 and a high of $91.85. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 1.87, and a quick ratio of 1.87. According to the stock market information, the enterprise value for the company is $30.11B, which is based on a 245.40 price-to-earnings ratio, a 10.22 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for TTD is $78.09 and a two-hundred day moving average price translates $70.52 for the stock.
The latest earnings results from Trade Desk Inc (NASDAQ: TTD) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at $0.33, beating analysts’ expectations of $0.29 by 0.04. This compares to $0.03 EPS in the same period last year. The net profit margin was 7.46% and return on equity was 6.72% for TTD. The company reported revenue of $493.27 million for the quarter, compared to $394.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.95 percent. For the current quarter, analysts expect TTD to generate $589.88M in revenue.
Trade Desk Inc(TTD) Company Profile
The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company operates a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices. It also provides data and other value-added services. The company serves advertising agencies, brands, and other service providers for advertisers. The Trade Desk, Inc. was incorporated in 2009 and is headquartered in Ventura, California.