Ironwood Investment Counsel LLC raised its position in shares of The Trade Desk (NASDAQ:TTD – Free Report) by 63.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,713 shares of the technology company’s stock after purchasing an additional 36,088 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Trade Desk were worth $2,104,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its position in 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 position in 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 acquiring an additional 3,421,074 shares during the period. Norges Bank purchased a new position in shares of Trade Desk during the 4th quarter worth $197,550,000. Federated Hermes Inc. boosted its stake in shares of Trade Desk by 1,041.1% during the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after acquiring an additional 4,298,009 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its position 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 valued at $159,739,000 after acquiring an additional 3,666,189 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.
Trade Desk Price Performance
TTD stock opened at $18.59 on Monday. The Trade Desk has a 1-year low of $16.98 and a 1-year high of $91.45. The business has a 50 day simple moving average of $19.89 and a two-hundred day simple moving average of $24.77. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 0.90 and a beta of 1.04.
Insider Activity
In related news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.41% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Wells Fargo & Company set a $20.00 target price on Trade Desk and gave the stock an “equal weight” rating in a report on Friday, May 8th. Arete Research set a $11.60 price target on Trade Desk and gave the company a “sell” rating in a report on Tuesday, June 30th. KeyCorp cut Trade Desk from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 8th. Scotiabank set a $20.00 price objective on Trade Desk in a research note on Monday, May 11th. Finally, William Blair cut Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Trade Desk currently has an average rating of “Hold” and a consensus target price of $33.43.
Get Our Latest Research Report on Trade Desk
Trade Desk 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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