Aspen Investment Management Inc Buys New Holdings in The Trade Desk $TTD

Key Points

• Aspen Investment Management Inc has acquired 6,491 shares of The Trade Desk, valued at approximately $355,000, marking a significant investment in the company during the first quarter.
• Insider Jay R. Grant sold 51,290 shares for over $4.6 million, indicating a 19.03% decrease in his ownership stake of The Trade Desk.
• Trade Desk reported a disappointing EPS of $0.18, missing estimates significantly, despite an 18.7% year-over-year increase in revenue for the quarter.

Aspen Investment Management Inc purchased a new position in The Trade Desk (NASDAQ:TTD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,491 shares of the technology company's stock, valued at approximately $355,000.

Several other hedge funds have also recently modified their holdings of TTD. Investment Management Corp VA ADV purchased a new stake in shares of Trade Desk in the 4th quarter worth approximately $25,000. Banque Cantonale Vaudoise purchased a new stake in shares of Trade Desk in the 1st quarter worth approximately $26,000. Cloud Capital Management LLC purchased a new stake in shares of Trade Desk in the 1st quarter worth approximately $27,000. von Borstel & Associates Inc. purchased a new stake in shares of Trade Desk in the 1st quarter worth approximately $31,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Trade Desk in the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TTD. Macquarie lifted their price objective on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Royal Bank Of Canada cut their price target on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. HSBC reaffirmed a "hold" rating and issued a $56.00 price target on shares of Trade Desk in a report on Monday, August 11th. Oppenheimer lifted their price target on shares of Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $86.00 price target on shares of Trade Desk in a report on Tuesday, July 15th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $87.67.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was 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 $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.00% of the stock is owned by insiders.

Trade Desk Stock Down 2.0%

Shares of Trade Desk stock traded down $0.90 during midday trading on Thursday, hitting $45.24. The company had a trading volume of 26,793,730 shares, compared to its average volume of 12,802,442. The stock has a market cap of $22.12 billion, a price-to-earnings ratio of 54.51, a PEG ratio of 2.37 and a beta of 1.36. The company has a fifty day simple moving average of $67.34 and a 200 day simple moving average of $64.63. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53.

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

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.