Algert Global LLC Grows Position in The Trade Desk $TTD

Key Points

• Algert Global LLC increased its stake in The Trade Desk by 56.0% during Q1, owning 66,340 shares valued at approximately $3.63 million.
• Analyst price targets for The Trade Desk show variability, with KeyCorp raising their target to $95.00, while Citigroup lowered theirs to $65.00.
• Trade Desk's earnings report revealed a missed consensus estimate of $0.42 EPS, reporting only $0.18, despite revenue growing by 18.7% year-over-year.

Algert Global LLC raised its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 56.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 66,340 shares of the technology company's stock after purchasing an additional 23,807 shares during the period. Algert Global LLC's holdings in Trade Desk were worth $3,630,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TTD. DDFG Inc lifted its position in shares of Trade Desk by 29.4% during the 1st quarter. DDFG Inc now owns 4,400 shares of the technology company's stock valued at $241,000 after buying an additional 1,000 shares in the last quarter. Element Capital Management LLC purchased a new stake in Trade Desk in the 1st quarter worth approximately $2,538,000. Trivium Point Advisory LLC raised its stake in Trade Desk by 99.0% during the 1st quarter. Trivium Point Advisory LLC now owns 3,910 shares of the technology company's stock worth $214,000 after acquiring an additional 1,945 shares during the period. Oak Ridge Investments LLC raised its stake in Trade Desk by 114.6% during the 1st quarter. Oak Ridge Investments LLC now owns 7,951 shares of the technology company's stock worth $435,000 after acquiring an additional 4,246 shares during the period. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in Trade Desk by 29.4% during the first quarter. Vestmark Advisory Solutions Inc. now owns 96,419 shares of the technology company's stock valued at $5,276,000 after purchasing an additional 21,933 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Analysts Set New Price Targets

TTD has been the subject of a number of analyst reports. KeyCorp increased their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Citigroup reaffirmed a "neutral" rating and issued a $65.00 target price (down previously from $90.00) on shares of Trade Desk in a report on Friday, August 8th. Guggenheim decreased their price target on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Arete Research upgraded Trade Desk to a "strong sell" rating in a research report on Monday, July 28th. Finally, Oppenheimer upped their price objective on Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Stock Down 4.4%

TTD opened at $52.53 on Wednesday. The company has a market capitalization of $25.68 billion, a PE ratio of 63.29, a price-to-earnings-growth ratio of 2.82 and a beta of 1.37. The firm has a 50-day simple moving average of $73.50 and a two-hundred day simple moving average of $69.77. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

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 (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%.The company's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction 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. This 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. 10.00% of the stock is owned by company insiders.

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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