DRW Securities LLC Buys Shares of 14,300 The Trade Desk $TTD

Key Points

• DRW Securities LLC acquired 14,300 shares of The Trade Desk ($TTD), valued at approximately $782,000, marking a new position in the company's stock.
• Recent analyst ratings show a consensus of "Moderate Buy" with a price target averaging $88.58, with upgrades from JMP Securities and Truist Financial setting targets at $100.00.
• The company's recent earnings revealed a missed EPS estimate of $0.18 compared to the consensus of $0.42, despite an 18.7% year-over-year revenue increase.

DRW Securities LLC bought a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,300 shares of the technology company's stock, valued at approximately $782,000.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Trade Desk by 3,876.8% during the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock worth $5,033,000 after acquiring an additional 89,671 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Trade Desk during the 1st quarter worth approximately $995,000. Panagora Asset Management Inc. grew its position in Trade Desk by 38.5% during the first quarter. Panagora Asset Management Inc. now owns 811,235 shares of the technology company's stock valued at $44,391,000 after buying an additional 225,638 shares during the period. Kestra Advisory Services LLC raised its stake in Trade Desk by 38.0% in the 1st quarter. Kestra Advisory Services LLC now owns 27,165 shares of the technology company's stock valued at $1,486,000 after acquiring an additional 7,481 shares during the period. Finally, Summit Financial LLC grew its position in shares of Trade Desk by 282.7% in the first quarter. Summit Financial LLC now owns 11,740 shares of the technology company's stock valued at $642,000 after purchasing an additional 8,672 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Analysts Set New Price Targets

TTD has been the subject of a number of research analyst reports. Oppenheimer lifted their price objective on shares of Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. BTIG Research downgraded Trade Desk from a "buy" rating to a "neutral" rating in a report on Friday, August 8th. Piper Sandler decreased their target price on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a report on Friday, August 8th. DA Davidson cut their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, JMP Securities reiterated a "market outperform" rating and set a $100.00 target price on shares of Trade Desk in a research report on Tuesday, June 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Stock Performance

Trade Desk stock traded down $0.48 during trading hours on Tuesday, hitting $54.18. The company had a trading volume of 7,776,411 shares, compared to its average volume of 11,215,558. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The firm has a market cap of $26.49 billion, a P/E ratio of 65.28, a P/E/G ratio of 2.81 and a beta of 1.36. The company has a 50-day moving average price of $70.63 and a two-hundred day moving average price of $65.89.

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

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.00% of the company's stock.

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.