Arthedge Capital Management LLC Acquires New Shares in The Trade Desk $TTD

Key Points

• Arthedge Capital Management initiated a position of 243,300 Trade Desk shares worth approximately $4.4 billion, representing 2.7% of its portfolio and about 0.05% of the company.
• Trade Desk’s latest quarterly results missed expectations, with EPS of $0.34 versus $0.40 expected and revenue of $715.1 million versus $752.4 million expected; revenue still grew 3% year over year.
• Analyst sentiment is cautious: the stock has a consensus “Reduce” rating and a $19.33 price target, while shares recently opened at $13.03 after trading between $12.83 and $56.39 over the past year.

Arthedge Capital Management LLC bought a new stake in The Trade Desk (NASDAQ:TTD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 243,300 shares of the technology company's stock, valued at approximately $4,398,864,000. Trade Desk makes up approximately 2.7% of Arthedge Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Arthedge Capital Management LLC owned approximately 0.05% of Trade Desk at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company's stock worth $1,781,723,000 after purchasing an additional 26,559,005 shares during the last quarter. Norges Bank bought a new position in shares of Trade Desk during the 4th quarter valued at $197,550,000. Federated Hermes Inc. lifted its stake in shares of Trade Desk by 1,041.1% in the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company's stock valued at $178,824,000 after purchasing an additional 4,298,009 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Trade Desk by 676.6% in the 4th quarter. Voloridge Investment Management LLC now owns 4,208,083 shares of the technology company's stock valued at $159,739,000 after purchasing an additional 3,666,189 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company's stock worth $333,659,000 after purchasing an additional 3,421,074 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

Shares of TTD stock opened at $13.03 on Thursday. The Trade Desk has a one year low of $12.83 and a one year high of $56.39. The stock has a fifty day moving average price of $17.15 and a 200 day moving average price of $21.03. The stock has a market cap of $6.12 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). The business had revenue of $715.06 million during the quarter, compared to the consensus estimate of $752.41 million. Trade Desk had a net margin of 13.61% and a return on equity of 16.09%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Equities research analysts anticipate that The Trade Desk will post 0.51 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Cannonball Research cut Trade Desk from a "strong-buy" rating to a "neutral" rating and set a $15.00 price target for the company. in a research report on Friday, August 7th. Wells Fargo & Company set a $12.00 price objective on Trade Desk and gave the company an "equal weight" rating in a report on Friday, August 7th. Scotiabank set a $12.00 price objective on Trade Desk and gave the company a "sector perform" rating in a research note on Friday, August 7th. Benchmark restated a "buy" rating and issued a $20.00 target price (down from $30.00) on shares of Trade Desk in a report on Monday, August 3rd. Finally, Truist Financial set a $16.00 target price on Trade Desk and gave the stock a "hold" rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $19.33.

Trade Desk Profile

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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