Finance

Dissecting the Insider Trading Patterns of The Trade Desk, Inc. (TTD)

Recent insider trends for The Trade Desk, Inc. (NASDAQ:TTD) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. TTD’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 109.27% of The Trade Desk, Inc. (TTD)’s shares. The total value of these holdings, in millions, is $1,460. Among active positions in the latest quarter, 115 holders increased their positions by a total of 9.35 million shares, 66 holders decreased the positions by a total of 3.21 million shares, and 17 holders held their positions. This works out to a net increase in ownership of 6.15 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 44 holders initiated new positions by a total of 1.53 million shares and 34 holders exited their positions by a total of 1.23 million shares. This nets out to an increase of 298199 shares and is a bullish sign for TTD.

In the last three months, insiders executed a total of 36 trades. 18 of these were buys and 18 were sells. Insider ownership increased by a total of 2.46 million shares, which suggests that TTD’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 78 buys and 95 sells, and ownership increased by a net of 1.48 million shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. The Trade Desk, Inc. (NASDAQ:TTD)’s short interest is 7.51 million shares, or 28.18% of the float. This represents an increase of 5% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that TTD is a Weak sell, which implies that TTD is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that The Trade Desk, Inc. (NASDAQ:TTD) is overvalued.

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