Ardmore Road Asset Management LP bought a new stake in The Trade Desk (NASDAQ:TTD - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 200,738 shares of the technology company's stock, valued at approximately $10,984,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new position in Trade Desk in the fourth quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in Trade Desk in the fourth quarter valued at about $47,000. BNP Paribas purchased a new position in Trade Desk in the fourth quarter valued at about $50,000. Banque Cantonale Vaudoise purchased a new position in Trade Desk in the first quarter valued at about $26,000. Finally, Banque Transatlantique SA purchased a new position in Trade Desk in the fourth quarter valued at about $56,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.
Trade Desk Stock Performance
NASDAQ TTD traded down $0.70 on Friday, hitting $54.66. The stock had a trading volume of 8,728,516 shares, compared to its average volume of 19,335,666. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The company has a market capitalization of $26.73 billion, a price-to-earnings ratio of 65.86, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36. The firm has a 50-day moving average of $70.91 and a 200-day moving average of $66.07.
Trade Desk (NASDAQ:TTD - Get Free Report) last posted 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 firm had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on TTD shares. Rosenblatt Securities reiterated a "buy" rating on shares of Trade Desk in a research note on Friday, August 8th. Scotiabank dropped their price target on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, August 8th. Guggenheim cut their price objective on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 9th. HSBC reaffirmed a "hold" rating and issued a $56.00 price objective on shares of Trade Desk in a report on Monday, August 11th. Finally, Hsbc Global Res downgraded shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.58.
Read Our Latest Report on Trade Desk
Insider Buying and Selling at Trade Desk
In other news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following 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 filing with the SEC, which can be accessed through this link. Company insiders own 10.00% of the company's stock.
About Trade Desk
(
Free Report)
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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