Nwam LLC Purchases New Position in The Trade Desk $TTD

Nwam LLC purchased a new position in The Trade Desk (NASDAQ:TTD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,193 shares of the technology company’s stock, valued at approximately $374,000.

Several other institutional investors and hedge funds have also bought and sold shares of TTD. Sound Income Strategies LLC grew its holdings 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. West Oak Capital LLC lifted its stake in shares of 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 purchasing an additional 350 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk during the first quarter valued at approximately $26,000. HighMark Wealth Management LLC grew its stake in Trade Desk by 46.2% in the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares during the period. Finally, Vermillion Wealth Management Inc. grew its stake in Trade Desk by 400.0% in the second quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after purchasing an additional 400 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

NASDAQ:TTD opened at $43.79 on Thursday. The firm has a market cap of $21.41 billion, a P/E ratio of 50.33, a P/E/G ratio of 2.31 and a beta of 1.43. The Trade Desk has a fifty-two week low of $41.77 and a fifty-two week high of $141.53. The firm has a 50-day simple moving average of $49.17 and a two-hundred day simple moving average of $62.54.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Trade Desk has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction on Wednesday, September 10th. The stock was 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 in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zacks Research raised Trade Desk from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC dropped their price objective on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Bank of America restated an “underperform” rating and issued a $55.00 price objective (down previously from $130.00) on shares of Trade Desk in a report on Friday, August 8th. DA Davidson decreased their target price on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a research note on Monday. Finally, Wall Street Zen upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Twenty-one research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $78.33.

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.