Aquatic Capital Management LLC Raises Stake in The Trade Desk $TTD

Key Points

• Aquatic Capital increased its stake in The Trade Desk by 208.7% in Q3 to 812,752 shares (about $39.83M), representing 0.17% of the company and its 19th largest holding.
• Analysts have cut targets recently and the consensus rating is Hold with an average price target of $43.45, while individual revisions range from $17 (sell) to $55–$30 on several major reports.
• The Trade Desk reported EPS of $0.59 (in line) and revenue of $846.79M (up 14.3% YoY), announced a $350M share repurchase program (~2.9% of shares), and an insider sold 50,000 shares at $30.48.

Aquatic Capital Management LLC raised its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 208.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 812,752 shares of the technology company's stock after buying an additional 549,456 shares during the quarter. Trade Desk comprises 0.7% of Aquatic Capital Management LLC's portfolio, making the stock its 19th largest holding. Aquatic Capital Management LLC owned approximately 0.17% of Trade Desk worth $39,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company's stock worth $25,000 after buying an additional 310 shares in the last quarter. Versant Capital Management Inc grew its position in Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company's stock worth $26,000 after buying an additional 334 shares in the last quarter. Root Financial Partners LLC purchased a new position in Trade Desk during the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Trade Desk in the 2nd quarter worth about $28,000. Finally, Transce3nd LLC purchased a new stake in shares of Trade Desk in the 2nd quarter valued at about $28,000. 67.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTD has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on Trade Desk from $42.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Cfra reaffirmed a "hold" rating and issued a $40.00 target price on shares of Trade Desk in a research note on Tuesday, January 27th. Benchmark reiterated a "buy" rating and set a $40.00 target price (down from $65.00) on shares of Trade Desk in a research report on Monday, February 23rd. New Street Research cut shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $17.00 price objective on the stock. in a research report on Thursday, February 26th. Finally, BMO Capital Markets dropped their price objective on shares of Trade Desk from $98.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $43.45.

Insider Buying and Selling at Trade Desk

In other news, Director Kathryn E. Falberg sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.00% of the company's stock.

Trade Desk Stock Performance

Shares of TTD opened at $27.34 on Friday. The Trade Desk has a fifty-two week low of $21.08 and a fifty-two week high of $91.45. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.08 and a beta of 1.13. The firm has a 50 day moving average price of $30.11 and a 200-day moving average price of $40.01.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. The business had revenue of $846.79 million during the quarter, compared to analyst estimates of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company's revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. As a group, equities research analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its board has authorized a stock repurchase program on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

About Trade Desk

The Trade Desk, Inc NASDAQ: TTD is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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