ProShare Advisors LLC lessened its stake in The Trade Desk (NASDAQ:TTD – Free Report) by 84.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 87,079 shares of the technology company’s stock after selling 477,398 shares during the period. ProShare Advisors LLC’s holdings in Trade Desk were worth $3,306,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in TTD. Nicholas Company Inc. increased its stake in shares of Trade Desk by 14.3% in the 4th quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock worth $38,596,000 after acquiring an additional 127,049 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Trade Desk by 62.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock valued at $8,515,000 after acquiring an additional 66,672 shares during the last quarter. Jacobson & Schmitt Advisors LLC boosted its position in shares of Trade Desk by 19.6% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after acquiring an additional 47,539 shares during the last quarter. State of Michigan Retirement System purchased a new stake in shares of Trade Desk in the third quarter valued at about $5,906,000. Finally, Ashton Thomas Private Wealth LLC increased its position in Trade Desk by 272.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after purchasing an additional 50,209 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.
Trade Desk Price Performance
TTD opened at $22.38 on Monday. The business has a fifty day moving average price of $22.65 and a 200 day moving average price of $30.51. The Trade Desk has a 12 month low of $19.74 and a 12 month high of $91.45. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.08 and a beta of 1.10.
Trade Desk announced that its board has approved a stock repurchase plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Benchmark reduced their price target on shares of Trade Desk from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Scotiabank set a $20.00 price objective on Trade Desk in a research report on Monday, May 11th. New Street Research cut Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price for the company. in a research note on Thursday, February 26th. UBS Group set a $31.00 price target on Trade Desk and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, William Blair cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.61.
Get Our Latest Report on Trade Desk
Insider Buying and Selling at Trade Desk
In related news, Director Kathryn E. Falberg sold 50,000 shares of Trade Desk stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total transaction of $1,524,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 11.41% of the company’s stock.
Trade Desk News Roundup
Here are the key news stories impacting Trade Desk this week:
- Positive Sentiment: The Trade Desk is expanding its retail media strategy through its Audience Unlimited product, which uses proprietary retail data to improve targeting and measurement; early tests reportedly lowered CPMs and boosted conversions, supporting the company’s long-term competitive position. Trade Desk Retail Media Shift And Audience Unlimited Add New Angle
- Positive Sentiment: Another report argues The Trade Desk may be undervalued after recent weakness, suggesting the selloff could create a buying opportunity for investors who remain confident in its longer-term growth story. The Trade Desk: The Best Time To Buy Is When Others Continue To Ignore
- Positive Sentiment: Wall Street remains moderately optimistic about The Trade Desk’s long-term growth prospects despite its weak stock performance over the past year. The Trade Desk Stock Outlook: Is Wall Street Bullish or Bearish
Trade Desk Company Profile
The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.
Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.
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