Brookstone Capital Management Grows Position in The Trade Desk $TTD

Brookstone Capital Management boosted its position in shares of The Trade Desk (NASDAQ:TTDFree Report) by 29.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,512 shares of the technology company’s stock after purchasing an additional 56,297 shares during the period. Brookstone Capital Management’s holdings in Trade Desk were worth $5,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Trade Desk by 271.1% during the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after buying an additional 26,559,005 shares during the period. Invesco Ltd. raised its holdings in shares of Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after buying an additional 3,421,074 shares during the period. Norges Bank purchased a new stake in shares of Trade Desk in the fourth quarter worth approximately $197,550,000. Federated Hermes Inc. raised its holdings in shares of Trade Desk by 1,041.1% in the fourth quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after buying an additional 4,298,009 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of Trade Desk by 676.6% during the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company’s stock worth $159,739,000 after acquiring an additional 3,666,189 shares during the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on TTD. Royal Bank Of Canada set a $33.00 price objective on Trade Desk and gave the company an “outperform” rating in a report on Friday, May 8th. New Street Research lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 target price on the stock. in a research note on Thursday, February 26th. HSBC downgraded Trade Desk from a “buy” rating to a “reduce” rating and set a $20.00 target price for the company. in a research report on Monday, May 11th. Rosenblatt Securities lowered their target price on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, Stifel Nicolaus set a $21.00 price target on shares of Trade Desk in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Hold” and an average target price of $33.91.

View Our Latest Analysis on TTD

Trade Desk Stock Performance

NASDAQ:TTD opened at $17.93 on Wednesday. The Trade Desk has a one year low of $17.21 and a one year high of $91.45. The firm has a market cap of $8.43 billion, a P/E ratio of 20.38, a P/E/G ratio of 0.87 and a beta of 1.05. The firm has a 50-day simple moving average of $21.42 and a 200-day simple moving average of $27.19.

Trade Desk (NASDAQ:TTDGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. During the same period in the previous year, the company posted $0.33 EPS. Trade Desk’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, research analysts predict that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk declared that its board has approved a stock buyback program on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the sale, the director owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.41% of the stock is owned by company insiders.

About Trade Desk

(Free Report)

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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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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