Royal Bank of Canada decreased its holdings in The Trade Desk (NASDAQ:TTD – Free Report) by 46.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 999,194 shares of the technology company’s stock after selling 884,138 shares during the quarter. Royal Bank of Canada’s holdings in Trade Desk were worth $22,673,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares during the period. Bison Wealth LLC raised its stake in shares of Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after buying an additional 485 shares during the last quarter. Woodline Partners LP raised its stake in shares of Trade Desk by 75.5% during the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after buying an additional 2,269 shares during the last quarter. Cerity Partners LLC lifted its holdings in Trade Desk by 46.6% in the second quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock valued at $4,304,000 after buying an additional 19,015 shares during the period. Finally, AXA S.A. lifted its holdings in Trade Desk by 14.7% in the second quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock valued at $3,083,000 after buying an additional 5,487 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on TTD. Wedbush set a $21.00 price target on Trade Desk and gave the company a “neutral” rating in a research note on Friday, May 8th. Evercore set a $27.00 price objective on Trade Desk in a research note on Friday, May 8th. Wells Fargo & Company set a $20.00 target price on Trade Desk and gave the company an “equal weight” rating in a research note on Friday, May 8th. Piper Sandler restated a “neutral” rating and set a $24.00 target price on shares of Trade Desk in a report on Friday, May 8th. 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 assigned a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.50.
Trade Desk Stock Down 2.0%
Shares of TTD stock opened at $18.96 on Thursday. The Trade Desk has a 12 month low of $16.70 and a 12 month high of $91.45. The company’s fifty day simple moving average is $19.04 and its 200-day simple moving average is $22.98. The firm has a market cap of $8.91 billion, a PE ratio of 21.55, a P/E/G ratio of 0.94 and a beta of 1.04.
Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. Trade Desk’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. On average, equities analysts predict that The Trade Desk will post 1.17 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were 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 of the company’s stock, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.41% of the company’s stock.
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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