Prostatis Group LLC bought a new position in shares of The Trade Desk (NASDAQ:TTD – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 3,414 shares of the technology company’s stock, valued at approximately $246,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in TTD. Brown Advisory Inc. increased its position in shares of Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after purchasing an additional 5,387,339 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Trade Desk during the first quarter worth about $191,935,000. Vanguard Group Inc. increased its position in Trade Desk by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock valued at $2,420,689,000 after acquiring an additional 1,567,491 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Trade Desk by 255.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock valued at $96,132,000 after acquiring an additional 1,262,492 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in Trade Desk in the 1st quarter valued at about $66,948,000. Institutional investors and hedge funds own 67.77% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on TTD shares. Morgan Stanley cut Trade Desk from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $80.00 to $50.00 in a research report on Wednesday, September 10th. UBS Group dropped their price target on Trade Desk from $105.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Jefferies Financial Group cut Trade Desk from a “buy” rating to a “hold” rating and dropped their price target for the company from $100.00 to $50.00 in a research report on Monday, August 11th. Wedbush restated an “outperform” rating and issued a $86.00 price target on shares of Trade Desk in a research report on Tuesday, July 15th. Finally, Evercore ISI upgraded Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Friday, June 27th. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.48.
Trade Desk Trading Down 3.2%
NASDAQ TTD opened at $52.36 on Monday. The business’s 50 day moving average is $53.78 and its two-hundred day moving average is $62.72. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The stock has a market capitalization of $25.60 billion, a price-to-earnings ratio of 63.09, a PEG ratio of 2.80 and a beta of 1.38.
Trade Desk (NASDAQ:TTD – Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). The business had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. Equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.
Insider Activity at Trade Desk
In other news, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider owned 218,246 shares of the company’s stock, valued at $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction that occurred 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 directly owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.
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.
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