The Trade Desk $TTD Holdings Raised by Canopy Partners LLC

Canopy Partners LLC grew its stake in shares of The Trade Desk (NASDAQ:TTD) by 26.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,892 shares of the technology company’s stock after buying an additional 1,647 shares during the quarter. Canopy Partners LLC’s holdings in Trade Desk were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTD. Vanguard Group Inc. raised its stake in shares of Trade Desk by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after buying an additional 1,567,491 shares in the last quarter. Brown Advisory Inc. raised its position in Trade Desk by 198.4% in the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after acquiring an additional 5,387,339 shares in the last quarter. Nuveen LLC bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $191,935,000. Zevenbergen Capital Investments LLC raised its holdings in shares of Trade Desk by 3.7% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 2,169,273 shares of the technology company’s stock worth $118,703,000 after purchasing an additional 77,890 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Trade Desk by 8.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company’s stock worth $109,450,000 after purchasing an additional 156,703 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research reports. Stifel Nicolaus dropped their price target on Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada cut their target price on Trade Desk from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. JMP Securities set a $60.00 price objective on Trade Desk and gave the stock a “market outperform” rating in a report on Tuesday, September 30th. BMO Capital Markets cut their price objective on Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Finally, Hsbc Global Res downgraded Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Twenty-one investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.48.

Insider Transactions at Trade Desk

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

Trade Desk Stock Up 0.7%

Shares of TTD opened at $53.49 on Wednesday. The company’s fifty day moving average is $55.76 and its 200-day moving average is $62.82. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The firm has a market cap of $26.15 billion, a price-to-earnings ratio of 64.45, a price-to-earnings-growth ratio of 2.84 and a beta of 1.38.

Trade Desk (NASDAQ:TTD) last posted 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 analyst estimates of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. As a group, research analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

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.