Catalyst Funds Management Pty Ltd Sells 21,700 Shares of The Trade Desk $TTD

Catalyst Funds Management Pty Ltd lessened its holdings in The Trade Desk (NASDAQ:TTD) by 54.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,300 shares of the technology company’s stock after selling 21,700 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Trade Desk were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Trade Desk by 52.1% during the second quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after buying an additional 4,218,975 shares during the period. Nuveen LLC bought a new position in shares of Trade Desk during the 1st quarter valued at approximately $191,935,000. Jennison Associates LLC increased its stake in shares of Trade Desk by 17.9% during the 2nd quarter. Jennison Associates LLC now owns 14,267,457 shares of the technology company’s stock worth $1,027,114,000 after purchasing an additional 2,169,252 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 purchasing an additional 1,567,491 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in 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. 67.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Arete Research raised Trade Desk to a “strong sell” rating in a research report on Monday, July 28th. Guggenheim set a $55.00 price objective on Trade Desk and gave the stock a “buy” rating in a report on Monday, September 29th. Wedbush restated a “neutral” rating and issued a $50.00 price objective on shares of Trade Desk in a research note on Friday, November 7th. Rosenblatt Securities cut their target price on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Scotiabank reduced their target price on shares of Trade Desk from $83.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, August 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $78.33.

Trade Desk Stock Down 0.7%

Shares of TTD opened at $40.19 on Thursday. The Trade Desk has a twelve month low of $39.69 and a twelve month high of $141.53. The stock has a market cap of $19.44 billion, a PE ratio of 46.20, a P/E/G ratio of 2.01 and a beta of 1.43. The business’s 50-day moving average price is $48.19 and its 200-day moving average price is $62.09.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The company had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. Trade Desk’s revenue for the quarter was up 17.7% on a year-over-year basis. Trade Desk has set its Q4 2025 guidance at EPS. Analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has initiated a share buyback plan on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In related 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 value of $67,624.60. Following the sale, the director owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 10.00% of the company’s stock.

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.