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Saturday, June 3, 2023

There’s No Need To Panic Or Freeze When It Comes To The Trade Desk Inc. (NASDAQ: TTD)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for The Trade Desk Inc. (TTD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.69, or 2.60%, to $66.66. The The Trade Desk Inc. has recorded 2,014,534 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that The Trade Desk Reports First Quarter 2023 Financial Results; Announces Plans for Chief Financial Officer Transition.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $64.97 and fluctuated between $66.42 as its day high and $64.50 as its day low. The current market capitalization of The Trade Desk Inc. is $31.07B. A total of 9.22 million shares were traded on the day, compared to an average of 4.24M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TTD has seen 1 BUY and 11 SELL insider trades, representing the acquisition of 2,020 and the disposition of 13,220 shares. Over the last 12 months, there were 15 BUYs and 48 SELLs from insiders. Insiders purchased 251,342 shares during that period but sold 360,265.

In the most recent transaction, Pickles David Randall sold 2,060 shares of TTD for 63.67 per share on May 01. After the transaction, the Chief Technology Officer now owns 530,595 company shares. In a previous transaction on Apr 19, Rajaram Gokul sold 2,999 shares at 60.93 per share. TTD shares that Director owns now total 71,060.

Among the insiders who sold shares, Pickles David Randall disposed of 2,020 shares on Apr 17 at a per-share price of $60.70. This resulted in the Chief Technology Officer holding 470,930 shares of TTD after the transaction. In another insider transaction, Pickles David Randall sold 2,050 shares at $60.00 per share on Apr 03. Company shares held by the Chief Technology Officer now total 470,930.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TTD in the last 3 months, the mean price target is $69.14 with high estimates of $90.00 and low estimates of $26.00. In terms of 52-week highs and lows, TTD has a high of $76.75 and a low of $39.00.

As of this writing, TTD has an earnings estimate of $0.12 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.09. The company reported an EPS of $0.26 in the last quarter, which was 18.20% higher than expectations of $0.22.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TTD’s latest balance sheet shows that the firm has $958.78M in Cash & Short Term Investments as of fiscal 2021. There were $284.60M in debt and $1.80B in liabilities at the time. Its Book Value Per Share was $4.32, while its Total Shareholder’s Equity was $1.53B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TTD is Buy with a score of 4.05.

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