The Trade Desk $TTD Shares Sold by Eastern Bank

Eastern Bank reduced its stake in The Trade Desk (NASDAQ:TTD) by 8.2% during the 2nd quarter, Holdings Channel reports. The fund owned 3,205 shares of the technology company’s stock after selling 285 shares during the quarter. Eastern Bank’s holdings in Trade Desk were worth $231,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TTD. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk in the first quarter valued at $26,000. Sound Income Strategies LLC raised its position in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after purchasing an additional 270 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in Trade Desk in the 1st quarter valued at about $27,000. von Borstel & Associates Inc. acquired a new stake in Trade Desk in the first quarter valued at approximately $31,000. Finally, West Oak Capital LLC raised its holdings in Trade Desk by 466.7% in the second 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 in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $52.36 on Monday. The firm’s fifty day simple moving average is $53.78 and its 200-day simple moving average is $62.72. The stock has a market capitalization of $25.60 billion, a price-to-earnings ratio of 63.09, a PEG ratio of 2.80 and a beta of 1.38. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Citigroup restated an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Royal Bank Of Canada cut their price target on Trade Desk from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Wedbush restated an “outperform” rating and issued a $86.00 price target on shares of Trade Desk in a research note on Tuesday, July 15th. Finally, Stifel Nicolaus cut their target price on Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.48.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was 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 $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a legal 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 dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 10.00% of the company’s stock.

Trade Desk 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.