In yesterday’s Wall Street session, Trade Desk Inc (NASDAQ:TTD) shares traded at $76.08, up 2.80% from the previous session.
TTD stock price is now 4.18% away from the 50-day moving average and 5.50% away from the 200-day moving average. The market capitalization of the company currently stands at $37.30B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In other news, Schenkein Laura, Chief Financial Officer sold 2,613 shares of the company’s stock on Nov 17. The stock was sold for $173,712 at an average price of $66.48. Upon completion of the transaction, the Chief Financial Officer now directly owns 660,009 shares in the company, valued at $50.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Director Rajaram Gokul sold 2,999 shares of the business’s stock. A total of $204,382 was realized by selling the stock at an average price of $68.15. This leaves the insider owning 42,310 shares of the company worth $3.22 million. Insiders disposed of 2,417,580 shares of company stock worth roughly $183.93 million over the past 1 year. A total of 9.93% of the company’s stock is owned by insiders.
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 $36.02B, which is based on a 249.20 price-to-earnings ratio, a 10.38 price-to-earnings-growth ratio, and a beta of 1.55. The fifty day moving average price for TTD is $73.02 and a two-hundred day moving average price translates $72.11 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 8.35% and return on equity was 7.51% 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 $581.72M 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.
