13,535 Shares in The Trade Desk $TTD Acquired by Pacific Capital Partners Ltd

Key Points

• Pacific Capital Partners Ltd acquired 13,535 shares of The Trade Desk, valued at approximately $974,000, during the 2nd quarter, marking a notable addition to their portfolio.
• Institutional investors now own 67.77% of Trade Desk's stock, highlighting strong interest from hedge funds, with significant increases seen from multiple firms in the first quarter.
• Wall Street analysts show a positive outlook for Trade Desk, with 20 analysts

Pacific Capital Partners Ltd bought a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,535 shares of the technology company's stock, valued at approximately $974,000.

Several other hedge funds have also added to or reduced their stakes in TTD. Intech Investment Management LLC lifted its position in shares of Trade Desk by 5,779.8% in the 1st quarter. Intech Investment Management LLC now owns 241,837 shares of the technology company's stock worth $13,233,000 after purchasing an additional 237,724 shares during the period. GAMMA Investing LLC lifted its position in shares of Trade Desk by 3,876.8% in the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock worth $5,033,000 after purchasing an additional 89,671 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in shares of Trade Desk in the 1st quarter worth approximately $995,000. Geneos Wealth Management Inc. lifted its position in shares of Trade Desk by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 56,413 shares of the technology company's stock worth $3,087,000 after purchasing an additional 21,199 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in shares of Trade Desk by 38.5% in the 1st quarter. Panagora Asset Management Inc. now owns 811,235 shares of the technology company's stock worth $44,391,000 after purchasing an additional 225,638 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TTD shares. Evercore ISI upgraded shares of 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. Scotiabank dropped their target price on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada decreased their price target on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Macquarie boosted their price target on shares of Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Finally, JMP Securities restated a "market outperform" rating and set a $100.00 price target on shares of Trade Desk in a research note on Tuesday, June 24th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Trade Desk presently has an average rating of "Hold" and a consensus price target of $87.67.

Insider Activity

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares of the company's stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

TTD opened at $45.15 on Friday. The firm has a market cap of $22.08 billion, a P/E ratio of 54.40, a PEG ratio of 2.32 and a beta of 1.36. The firm has a 50-day moving average of $66.75 and a 200 day moving average of $64.37. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. Trade Desk's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. Equities research analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

About Trade Desk

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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