Praxis Investment Management Inc. Invests $1.20 Million in The Trade Desk $TTD

Praxis Investment Management Inc. acquired a new position in shares of The Trade Desk (NASDAQ:TTD) in the 2nd quarter, HoldingsChannel reports. The fund acquired 16,710 shares of the technology company’s stock, valued at approximately $1,203,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after acquiring an additional 1,567,491 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock valued at $443,358,000 after purchasing an additional 5,387,339 shares during the period. Nuveen LLC acquired a new stake in shares of Trade Desk in the 1st quarter valued at about $191,935,000. Zevenbergen Capital Investments LLC boosted its position 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 valued at $118,703,000 after purchasing an additional 77,890 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position 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 valued at $109,450,000 after purchasing an additional 156,703 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TTD. Scotiabank decreased their target price on Trade Desk from $83.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, August 8th. BTIG Research cut Trade Desk from a “buy” rating to a “neutral” rating in a research report on Friday, August 8th. Oppenheimer upped their target price on Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Rosenblatt Securities reissued a “buy” rating on shares of Trade Desk in a research report on Friday, August 8th. Finally, Arete Research raised Trade Desk to a “strong sell” rating in a research report on Monday, July 28th. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $84.48.

Insider Buying and Selling

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

Trade Desk Stock Up 0.2%

TTD opened at $49.98 on Friday. The business has a 50 day moving average price of $50.65 and a two-hundred day moving average price of $62.45. The company has a market cap of $24.44 billion, a PE ratio of 60.22, a P/E/G ratio of 2.67 and a beta of 1.38. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data 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 company had revenue of $694.04 million for the quarter, compared to analysts’ expectations of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

About Trade Desk

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.