Avondale Wealth Management Sells 1,000 Shares of The Trade Desk $TTD

Avondale Wealth Management reduced its position in The Trade Desk (NASDAQ:TTD) by 66.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 500 shares of the technology company’s stock after selling 1,000 shares during the period. Avondale Wealth Management’s holdings in Trade Desk were worth $36,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTD. Banque Cantonale Vaudoise bought a new stake in Trade Desk in the first quarter valued at approximately $26,000. Sound Income Strategies LLC boosted its stake in shares of Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after acquiring an additional 270 shares during the period. Cloud Capital Management LLC acquired a new position in shares of Trade Desk during the 1st quarter worth approximately $27,000. von Borstel & Associates Inc. bought a new stake in Trade Desk in the 1st quarter valued at $31,000. Finally, West Oak Capital LLC raised its stake in Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after acquiring an additional 350 shares during the period. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TTD shares. Wedbush reaffirmed an “outperform” rating and set a $86.00 price objective on shares of Trade Desk in a research report on Tuesday, July 15th. Rosenblatt Securities restated a “buy” rating on shares of Trade Desk in a research note on Friday, August 8th. UBS Group reduced their target price on shares of Trade Desk from $105.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 15th. JMP Securities reissued a “market outperform” rating and issued a $100.00 price target on shares of Trade Desk in a report on Tuesday, June 24th. Finally, Oppenheimer raised their price objective on shares of Trade Desk from $80.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.21.

Trade Desk Stock Up 0.8%

Shares of Trade Desk stock opened at $47.14 on Monday. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 56.80, a price-to-earnings-growth ratio of 2.45 and a beta of 1.36. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The company has a 50-day simple moving average of $60.43 and a two-hundred day simple moving average of $63.08.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). The business had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider directly owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares of the company’s stock, valued at $242,687. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by company insiders.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.