The Trade Desk shares rose 3.8% this morning to a price of $76.81. The stock is still trading within range of its average target price of $74.65, and over the last 52 weeks, it has recorded a 58.2% performance. Analysts have given the large-cap Software stock target prices ranging from $30.0 to $100.0 dollars per share, with an average rating of buy.
The stock has an average amount of shares sold short at 3.0%, and a short ratio of 1.75. The company's insiders own 0.94% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 77.7% of The Trade Desk's shares being owned by this investor type.
Institutions Invested in The Trade Desk
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Baillie Gifford and Company | 10% | 44,694,766 | $3,433,004,867 |
| 2023-09-30 | Vanguard Group Inc | 9% | 40,922,201 | $3,143,234,158 |
| 2023-09-30 | Morgan Stanley | 6% | 27,315,689 | $2,098,118,005 |
| 2023-09-30 | Blackrock Inc. | 5% | 22,962,679 | $1,763,763,317 |
| 2023-09-30 | JP Morgan Chase & Company | 5% | 20,459,063 | $1,571,460,579 |
| 2023-09-30 | T. Rowe Price Investment Management, Inc. | 3% | 14,774,306 | $1,134,814,407 |
| 2023-09-30 | State Street Corporation | 2% | 9,142,974 | $702,271,810 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 2% | 8,959,203 | $688,156,360 |
| 2023-09-30 | Jennison Associates LLC | 2% | 7,607,798 | $584,354,945 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 7,578,710 | $582,120,696 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on The Trade Desk.
