The Attractiveness of Investing In The Trade Desk Inc. (TTD) is Growing


The Trade Desk Inc.’s recent filing unveils that its Chief Financial Officer GRAYSON BLAKE JEFFREY unloaded Company’s shares for reported $85230.0 on Aug 16. In the deal valued at $74.96 per share,1,137 shares were sold. As a result of this transaction, GRAYSON BLAKE JEFFREY now holds 193,259 shares worth roughly $ 8.94 million.

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Then, GRAYSON BLAKE JEFFREY sold 3,676 shares, generating $266,510 in total proceeds. Upon selling the shares at $72.50, the Chief Financial Officer now owns 197,858 shares.

Before that, WELLS DAVID B bought 17,500 shares. The Trade Desk Inc. shares valued at $801,675 were divested by the Director at a price of $45.81 per share. As a result of the transaction, WELLS DAVID B now holds 106,570 shares, worth roughly $4.93 million.

Morgan Stanley initiated its The Trade Desk Inc. [TTD] rating to an Equal-weight in a research note published On Friday, October 18, 2022; the price target was $60. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid August with a ‘”a Peer perform”‘ rating. Stifel also remained covering TTD and has increased its forecast on May 16, 2022 with a “Buy” recommendation from previously “Hold” rating. Guggenheim started covering the stock on March 02, 2022. It rated TTD as “a Buy”.

Price Performance Review of TTD

On Friday, The Trade Desk Inc. [NASDAQ:TTD] saw its stock fall -5.94% to $46.25. Over the last five days, the stock has lost -13.89%. The Trade Desk Inc. shares have fallen nearly -49.53% since the year began. Nevertheless, the stocks have fallen -36.15% over the past one year. While a 52-week high of $114.09 was reached on 01/03/22, a 52-week low of $39.00 was recorded on 07/14/22. SMA at 50 days reached $58.52, while 200 days put it at $59.36. A total of 8.48 million shares were traded, compared to the trading of 4.5 million shares in the previous session.

Levels Of Support And Resistance For TTD Stock

The 24-hour chart illustrates a support level at 43.69, which if violated will result in even more drops to 41.13. On the upside, there is a resistance level at 49.63. A further resistance level may holdings at 53.01. The Relative Strength Index (RSI) on the 14-day chart is 29.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.71%. Stochastics %K at 8.19% indicates the stock is a buying.

How much short interest is there in The Trade Desk Inc.?

A steep rise in short interest was recorded in The Trade Desk Inc. stocks on Jul 14, 2022, growing by 0.32 million shares to a total of 19.63 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 19.31 million shares. There was a rise of 1.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.63.

The Trade Desk Inc. [TTD] – Who Are The Largest Shareholders?

In filings from Baillie Gifford & Co., it is revealed that the company now owns 44,636,860 shares, or roughly 10.05% of the outstanding TTD shares. In other words, the investor’s shares have fallen by -2,431,889 from its previous 13-F filing of 47068749.0. Additionally, The Vanguard Group, Inc. increased 1.89% of its stake after which the total value it holdings stand at $2,374,803,066, while Morgan Stanley Investment Managem reduced -4.58% of its stake to hold $2.02 billion in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 5,052,749 shares of The Trade Desk Inc., while BlackRock Fund Advisors bought 133,088 shares. At present, Jennison Associates LLC is holding 14,797,740 shares valued at $884.16 million. SSgA Funds Management, Inc. owned 8,799,825 shares of the company at the time of its most recent 13F filing, worth $525.79 million.

The most recent change occurred on March 01, 2022 when The Benchmark Company began covering the stock and recommended ‘”a Hold”‘ rating.


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