18,934 Shares in The Trade Desk $TTD Acquired by Connective Capital Management LLC

Key Points

• Connective Capital Management LLC acquired 18,934 shares of The Trade Desk, valued at approximately $1,036,000, representing about 1.0% of its portfolio.
• Trade Desk's recent earnings report revealed earnings per share of $0.18, missing analysts' expectations of $0.42, despite a revenue increase to $694.04 million for the quarter.
• The stock is currently trading around $53.20, with analysts providing a consensus price target of $88.58 and a majority rating of "Moderate Buy."

Connective Capital Management LLC purchased a new position in The Trade Desk (NASDAQ:TTD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,934 shares of the technology company's stock, valued at approximately $1,036,000. Trade Desk accounts for about 1.0% of Connective Capital Management LLC's portfolio, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of TTD. Investment Management Corp VA ADV acquired a new stake in shares of Trade Desk in the 4th quarter worth approximately $25,000. Banque Cantonale Vaudoise acquired a new stake in Trade Desk during the 1st quarter valued at $26,000. Cloud Capital Management LLC acquired a new stake in Trade Desk during the 1st quarter valued at $27,000. von Borstel & Associates Inc. acquired a new stake in Trade Desk during the 1st quarter valued at $31,000. Finally, Alpine Bank Wealth Management acquired a new stake in Trade Desk during the 1st quarter valued at $35,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Trading Up 1.7%

Shares of Trade Desk stock opened at $53.20 on Monday. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The stock has a market capitalization of $26.01 billion, a P/E ratio of 64.10, a PEG ratio of 2.73 and a beta of 1.37. The business's fifty day moving average price is $72.44 and its 200 day moving average price is $68.15.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. During the same quarter in the previous year, the business posted $0.39 EPS. Trade Desk's revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict 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 the firm's stock in a transaction dated 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. This trade represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Guggenheim lowered their target price on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Bank of America reiterated an "underperform" rating and set a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Morgan Stanley raised their price objective on Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. HSBC restated a "hold" rating and set a $56.00 price objective on shares of Trade Desk in a report on Monday, August 11th. Finally, Scotiabank decreased their price objective on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, August 8th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

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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