18,983 Shares in The Trade Desk $TTD Acquired by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC acquired 18,983 shares of The Trade Desk, valued at approximately $1,039,000, during the first quarter, marking the firm's entry into the stock.
• Insider Jay R. Grant sold 51,290 shares at an average price of $91.18, resulting in a transaction worth about $4.68 million, which decreased his ownership by 19.03%.
• Wall Street analysts expressed mixed views on The Trade Desk, with various reports showing a shift in ratings and target prices, leading to an average target price of $88.58 for the stock.

Teza Capital Management LLC bought a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,983 shares of the technology company's stock, valued at approximately $1,039,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Shellback Capital LP raised its holdings in Trade Desk by 400.0% during the 1st quarter. Shellback Capital LP now owns 75,000 shares of the technology company's stock valued at $4,104,000 after acquiring an additional 60,000 shares during the period. Petrus Trust Company LTA raised its holdings in Trade Desk by 138.2% during the 1st quarter. Petrus Trust Company LTA now owns 8,183 shares of the technology company's stock valued at $448,000 after acquiring an additional 4,748 shares during the period. Needham Investment Management LLC raised its holdings in Trade Desk by 15.9% during the 1st quarter. Needham Investment Management LLC now owns 73,000 shares of the technology company's stock valued at $3,995,000 after acquiring an additional 10,000 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in Trade Desk by 10.4% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 110,580 shares of the technology company's stock valued at $6,051,000 after acquiring an additional 10,420 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Trade Desk by 91.8% during the 1st quarter. NewEdge Advisors LLC now owns 38,171 shares of the technology company's stock valued at $2,089,000 after acquiring an additional 18,274 shares during the period. Institutional investors own 67.77% of the company's stock.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BTIG Research cut shares of Trade Desk from a "buy" rating to a "neutral" rating in a report on Friday, August 8th. Royal Bank Of Canada lowered their target price on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Piper Sandler reduced their price target on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Citigroup restated a "neutral" rating and set a $65.00 price target (down from $90.00) on shares of Trade Desk in a research report on Friday, August 8th. Finally, Hsbc Global Res lowered shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Price Performance

TTD opened at $52.07 on Friday. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company has a fifty day moving average price of $69.29 and a 200-day moving average price of $65.26. The firm has a market capitalization of $25.46 billion, a P/E ratio of 62.74, a price-to-earnings-growth ratio of 2.67 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (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 during the quarter, compared to analysts' expectations of $686.00 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm's revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts expect 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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