Trade Desk Inc (NASDAQ:TTD) shares traded -4.85% lower at $72.06 on Wall Street last session.
TTD stock price is now -38.55% away from the 50-day moving average and -33.59% away from the 200-day moving average. The market capitalization of the company currently stands at $35.57B.
With the price target reduced from $135 to $90, Evercore ISI Downgraded its rating from Outperform to In-line for Trade Desk Inc (NASDAQ: TTD). On January 21, 2025, JMP Securities recently initiated its ‘Mkt Outperform’ rating on the stock quoting a target price of $150, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Green Jeffrey Terry, President and CEO sold 400,000 shares of the company’s stock on Feb 11 ’25. The stock was sold for $48,271,897 at an average price of $120.68. Upon completion of the transaction, the President and CEO now directly owns 3,700 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 11 ’25, Officer Green Jeffrey Terry bought 40,000 shares of the business’s stock. A total of $4,825,638 was incurred on buying the stock at an average price of $120.64. A total of 9.42% of the company’s stock is owned by insiders.
During the past 12 months, Trade Desk Inc has had a low of $74.10 and a high of $141.53. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.86, and a quick ratio of 1.85.
The net profit margin was 16.08% and return on equity was 15.37% for TTD. The company reported revenue of $628.02 million for the quarter, compared to $493.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.32 percent.
