The Trade Desk shares rose 2.7% this evening to a price of $77.65. The stock is still trading within range of its average target price of $74.97, and over the last 52 weeks, it has recorded a 62.3% 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 0.93% 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 | $3,470,548,648 |
| 2023-09-30 | Vanguard Group Inc | 9% | 40,922,201 | $3,177,608,970 |
| 2023-09-30 | Morgan Stanley | 6% | 27,315,689 | $2,121,063,292 |
| 2023-09-30 | Blackrock Inc. | 5% | 22,962,679 | $1,783,052,059 |
| 2023-09-30 | JP Morgan Chase & Company | 5% | 20,459,063 | $1,588,646,273 |
| 2023-09-30 | T. Rowe Price Investment Management, Inc. | 3% | 14,774,306 | $1,147,224,883 |
| 2023-09-30 | State Street Corporation | 2% | 9,142,974 | $709,951,945 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 2% | 8,959,203 | $695,682,126 |
| 2023-09-30 | Jennison Associates LLC | 2% | 7,607,798 | $590,745,526 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 7,578,710 | $588,486,843 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on The Trade Desk.
