16,710 Shares in The Trade Desk $TTD Acquired by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. acquired 16,710 shares of The Trade Desk, valued at approximately $1,203,000, during the second quarter.
• Analysts have mixed ratings for The Trade Desk, with 21 analysts recommending a "Buy", while others have adjusted price targets significantly lower.
• The Trade Desk reported $0.18 EPS for the last quarter, missing estimates, but revenue grew 18.7% year-over-year to $694.04 million.

Praxis Investment Management Inc. acquired a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,710 shares of the technology company's stock, valued at approximately $1,203,000.

A number of other institutional investors have also recently added to or reduced their stakes in TTD. LaFleur & Godfrey LLC purchased a new stake in Trade Desk in the second quarter valued at $5,029,000. Congress Park Capital LLC raised its position in Trade Desk by 13.2% in the second quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company's stock valued at $3,872,000 after purchasing an additional 6,257 shares during the period. Swedbank AB raised its position in Trade Desk by 32.2% in the second quarter. Swedbank AB now owns 552,260 shares of the technology company's stock valued at $39,757,000 after purchasing an additional 134,620 shares during the period. First Bank & Trust raised its position in Trade Desk by 137.6% in the second quarter. First Bank & Trust now owns 23,166 shares of the technology company's stock valued at $1,668,000 after purchasing an additional 13,418 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Trade Desk in the second quarter valued at $845,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank Of Canada reduced their target price on Trade Desk from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Bank of America reiterated an "underperform" rating and issued a $55.00 price objective (down previously from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Oppenheimer boosted their price objective on Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Rosenblatt Securities reiterated a "buy" rating on shares of Trade Desk in a report on Friday, August 8th. Finally, Wedbush reiterated an "outperform" rating and issued a $86.00 price objective on shares of Trade Desk in a report on Tuesday, July 15th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of "Hold" and an average target price of $84.48.

Insider Buying and Selling at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares of the company's stock, valued at $242,687. The trade was a 21.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares of the company's stock, valued at $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Trade Desk Price Performance

TTD opened at $49.98 on Friday. 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 $24.44 billion, a price-to-earnings ratio of 60.22, a PEG ratio of 2.67 and a beta of 1.38. The business has a fifty day moving average price of $50.65 and a 200 day moving average price of $62.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its 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 return on equity of 15.19% and a net margin of 15.57%.The company had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same period in the previous year, the firm earned $0.39 earnings per share. 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. On average, research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

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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