Acadian Asset Management LLC Cuts Stock Holdings in The Trade Desk $TTD

Key Points

• Acadian Asset Management LLC reduced its stake in The Trade Desk by 63.1%, now holding 545,706 shares valued at approximately $29.84 million.
• Insider Jay R. Grant sold 51,290 shares of The Trade Desk, marking a 19.03% decrease in their ownership, valued at about $4.68 million.
• Trade Desk's latest earnings report showed a miss in earnings per share (EPS) at $0.18, falling short of the expected $0.42, despite an 18.7% year-over-year revenue growth.

Acadian Asset Management LLC trimmed its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 63.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 545,706 shares of the technology company's stock after selling 934,965 shares during the period. Acadian Asset Management LLC owned 0.11% of Trade Desk worth $29,843,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new position in Trade Desk during the fourth quarter valued at $25,000. Banque Cantonale Vaudoise bought a new position in Trade Desk during the first quarter valued at $26,000. Cloud Capital Management LLC bought a new position in Trade Desk during the first quarter valued at $27,000. von Borstel & Associates Inc. bought a new position in Trade Desk during the first quarter valued at $31,000. Finally, Alpine Bank Wealth Management bought a new position in Trade Desk during the first quarter valued at $35,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction dated 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 sale, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on TTD. Piper Sandler lowered their price objective 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. KeyCorp upped their price objective on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. HSBC restated a "hold" rating and set a $56.00 price objective on shares of Trade Desk in a research report on Monday, August 11th. Needham & Company LLC restated a "buy" rating and set a $84.00 price objective on shares of Trade Desk in a research report on Monday. Finally, Royal Bank Of Canada decreased their price objective 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. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $87.67.

Trade Desk Trading Down 11.9%

Trade Desk stock opened at $46.14 on Thursday. The firm has a 50-day moving average price of $67.92 and a 200-day moving average price of $64.83. The firm has a market capitalization of $22.56 billion, a PE ratio of 55.59, a price-to-earnings-growth ratio of 2.69 and a beta of 1.36. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released 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). The firm had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.Trade Desk's revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. 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 earnings per share for the current fiscal 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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