Private Trust Co. NA Has $355,000 Stake in The Trade Desk $TTD

Private Trust Co. NA trimmed its position in shares of The Trade Desk (NASDAQ:TTD) by 12.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,929 shares of the technology company’s stock after selling 695 shares during the period. Private Trust Co. NA’s holdings in Trade Desk were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TTD. Brown Advisory Inc. increased its holdings in Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after buying an additional 5,387,339 shares during the last quarter. Nuveen LLC acquired a new position in shares of Trade Desk in the first quarter valued at $191,935,000. Vanguard Group Inc. increased its holdings in shares of Trade Desk by 3.7% in the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock valued at $2,420,689,000 after purchasing an additional 1,567,491 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Trade Desk by 255.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock valued at $96,132,000 after purchasing an additional 1,262,492 shares during the last quarter. Finally, Champlain Investment Partners LLC acquired a new position in shares of Trade Desk in the first quarter valued at $66,948,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TTD shares. BTIG Research downgraded shares of Trade Desk from a “buy” rating to a “neutral” rating in a report on Friday, August 8th. Bank of America reiterated an “underperform” rating and issued a $55.00 price objective (down from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Wells Fargo & Company set a $53.00 price objective on shares of Trade Desk and gave the company an “equal weight” rating in a report on Monday, October 6th. Needham & Company LLC restated a “buy” rating and issued a $84.00 price target on shares of Trade Desk in a research note on Monday, September 8th. Finally, KeyCorp upped their price target on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $84.48.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 218,246 shares of the company’s stock, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% 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 5.0%

TTD opened at $52.49 on Tuesday. 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 $50.64 and a 200 day simple moving average of $62.63. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of 63.24, a P/E/G ratio of 2.67 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 analysts’ consensus estimates of $0.42 by ($0.24). The company had revenue of $694.04 million during 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 was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that The Trade Desk will post 1.06 EPS 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.