Insider Activity Monitoring: The Trade Desk Inc. (TTD)

The Trade Desk Inc. (NASDAQ:TTD) saw a downside of -0.39% to close Monday at $70.72 after subtracting -$0.28 on the day. The 5-day average trading volume is 2,695,600 shares of the company’s common stock. It has gained $72.20 in the past week. An average of 3,224,205 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,703,994.

TTD’s 1-month performance is -2.83% or -$2.06 on its low of $65.32 reached on 10/04/21. The company’s shares have touched a 52-week low of $46.71 and high of $97.28, with the stock’s rally to the 52-week high happening on 02/19/21. YTD, TTD has lost -11.71% or -$9.38. However, the current price is down -27.30%% from the 52-week high price.


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Insider Transactions

On Oct 01, 11 days have gone by since the last insider trading activity for The Trade Desk Inc. (TTD). GRAYSON BLAKE JEFFREY (Chief Financial Officer) most recently sold 16,609 shares at $70.03 per share on Oct 01. This transaction cost the insider $1,163,128. Chief Financial Officer, GRAYSON BLAKE JEFFREY, sold 20,004 shares at a price of $70.87 on Sep 16. Then, on Sep 01, Director Paley Eric B sold 3,866 shares at a price of $79.61 per share. This transaction amounted to $307,772.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 334.87 and a low of 37.22. TTD stock has a beta of 2.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 32.42 while the price-to-book (PB) in the most recent quarter is 27.95, with the price to cash flow ratio at 117.15.

The Trade Desk Inc.’s quick ratio for the period ended June 29 was 1.80, with the current ratio over the same period at 1.80 meaning that TTD stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 80.90%. The trailing 12-month EBITDA margin is 24.65% while for the period ending June 29; The Trade Desk Inc.’s operating margin was 21.10%. The firm’s gross profit as reported stood at $657.22 million against revenue of $836.03 million.

Earnings Surprise

For the quarterly period ending June 29 this year, The Trade Desk Inc.’s cash and short-term investments amounted to $228.15 million against total debt of $292.59 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected TTD to announce $0.13 per share in earnings in its latest quarter, but it posted $0.18, representing a 38.50% surprise. EBITDA for the quarter stood at more than $72.95 million. TTD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.59 billion, with total debt at $292.59 million. Shareholders hold equity totaling $478.68 million

Technical Picture

Let’s look briefly at The Trade Desk Inc. (TTD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 48.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.89%.

The stock’s 5-day moving average is $69.61, reflecting a +7.10% or $4.69 change from its current price. TTD is currently trading -0.67% above its 20-day SMA, +38.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -13.66% and -23.46% respectively.

Stochastic %K and %D was 45.28% and 37.58% and the average true range (ATR) pointed at 2.93. The RSI (14) points at 46.43%, while the 14-day stochastic is at 45.34% with the period’s ATR at 2.96. The stock’s 9-day MACD Oscillator is pointing at 1.54 and -0.44 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The Trade Desk Inc. (NASDAQ: TTD), Cleveland Research launched coverage with a Buy rating. Analysts offering their rating for TTD stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TTD as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.

What is TTD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $26.90 and a high of $115.00, with their median price target at $93.50. Looking at these predictions, the average price target given by analysts is for The Trade Desk Inc. (TTD) stock is $88.05.

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