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


The Trade Desk Inc.’s filing revealed 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 $ 11.14 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 $6.14 million.

BTIG Research initiated its The Trade Desk Inc. [TTD] rating to a Neutral in a research note published on Tuesday. A number of analysts have revised their coverage, including New Street’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. Piper Sandler began covering TTD with “an Overweight” recommendation on December 20, 2022.

Price Performance Review of TTD

On Tuesday, The Trade Desk Inc. [NASDAQ:TTD] saw its stock jump 1.43% to $57.64. On the same session, the stock had its day’s lowest price of $56.59, but rose to a high of $58.87. Over the last five days, the stock has gained 3.00%. The Trade Desk Inc. shares have risen nearly 28.57% since the year began. Nevertheless, the stocks have fallen -23.82% over the past one year. While a 52-week high of $76.82 was reached on 02/15/23, a 52-week low of $39.00 was recorded on 01/06/23. SMA at 50 days reached $50.46, while 200 days put it at $52.55. A total of 3.54 million shares were traded, compared to the trading of 3.82 million shares in the previous session.

Levels Of Support And Resistance For TTD Stock

The 24-hour chart illustrates a support level at 56.53, which if violated will result in even more drops to 55.42. On the upside, there is a resistance level at 58.81. A further resistance level may holdings at 59.98. The Relative Strength Index (RSI) on the 14-day chart is 57.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.10%. Stochastics %K at 43.13% indicates the stock is a holding.

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 Jan 12, 2023, dropping by -0.62 million shares to a total of 15.33 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 15.95 million shares. There was a decline of -4.04%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.95% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.8.

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

In filings from Baillie Gifford & Co., it is revealed that the company now owns 47,175,426 shares, or roughly 10.59% of the outstanding TTD shares. In other words, the investor’s shares have risen by 2,538,566 from its previous 13-F filing of 44636860.0. Additionally, The Vanguard Group, Inc. increased 3.27% of its stake after which the total value it holdings stand at $2,013,563,175, while Morgan Stanley Investment Managem reduced -6.36% of its stake to hold $1.53 billion in the firm. Over the last quarter, BlackRock Fund Advisors sold -617,635 shares of The Trade Desk Inc., while T. Rowe Price Associates, Inc. sold 135,704 shares. At present, T. Rowe Price Investment Manageme is holding 13,367,719 shares valued at $677.74 million. Jennison Associates LLC owned 12,187,197 shares of the company at the time of its most recent 13F filing, worth $617.89 million.

According to FactSet, The Trade Desk Inc.’s share price will average $71.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.97 percent from its previous closing price of $56.83. Analysts expect The Trade Desk Inc. stock to reach the higher price of $90.00, while the lowest price estimate is $36.00. However, 28 analysts have rated TTD stock as an Overweight in their predictions for 2023. The most recent change occurred on December 13, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.


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