ARK Investment Management LLC Sells 83,873 Shares of The Trade Desk $TTD

Key Points

• ARK Investment Management LLC reduced its stake in The Trade Desk by 5.4%, selling 83,873 shares, and now holds approximately 1.48 million shares valued at $106.28 million.
• Insider transactions included a sale of 51,290 shares by insider Jay R. Grant, valued at approximately $4.68 million, signaling a 19.03% decrease in his ownership.
• The Trade Desk reported a quarterly revenue of $694.04 million, a growth of 18.7% year-over-year, but missed earnings expectations with an EPS of $0.18.

ARK Investment Management LLC lessened its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,476,318 shares of the technology company's stock after selling 83,873 shares during the period. ARK Investment Management LLC owned approximately 0.30% of Trade Desk worth $106,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTD. Sound Income Strategies LLC increased its holdings in shares of Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock worth $26,000 after purchasing an additional 270 shares in the last quarter. West Oak Capital LLC increased its holdings in shares of Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company's stock worth $31,000 after purchasing an additional 350 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk in the 1st quarter worth $26,000. HighMark Wealth Management LLC increased its holdings in shares of Trade Desk by 46.2% in the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company's stock worth $34,000 after purchasing an additional 151 shares in the last quarter. Finally, Vermillion Wealth Management Inc. increased its holdings in shares of Trade Desk by 400.0% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company's stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.

Trade Desk Stock Up 2.7%

Shares of Trade Desk stock opened at $53.92 on Wednesday. The stock's 50-day simple moving average is $50.65 and its 200-day simple moving average is $62.57. 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 $26.36 billion, a price-to-earnings ratio of 64.96, a PEG ratio of 2.81 and a beta of 1.38.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). The firm had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.Trade Desk's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $84.00 target price on shares of Trade Desk in a report on Monday, September 8th. Citigroup reaffirmed an "outperform" rating on shares of Trade Desk in a report on Tuesday, September 30th. Stifel Nicolaus cut their price objective on Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 8th. JMP Securities set a $60.00 price target on Trade Desk and gave the company a "market outperform" rating in a report on Tuesday, September 30th. Finally, Moffett Nathanson lowered Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target for the company. in a report on Friday, August 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Trade Desk has a consensus rating of "Hold" and a consensus price target of $84.48.

About Trade Desk

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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