Assenagon Asset Management S.A. Decreases Stock Position in The Trade Desk $TTD

Key Points

• Assenagon Asset Management S.A. reduced its stake in The Trade Desk ($TTD) by 59.3%, owning 126,496 shares after selling 183,933 in the second quarter, with holdings valued at $9,106,000.
• Several brokerages have lowered their price targets for Trade Desk, with Jefferies reducing their target from $100.00 to $50.00, while Bank of America set a $55.00 target.
• Trade Desk posted a quarterly earnings miss with an EPS of $0.18, falling short of estimates of $0.42, despite reporting revenue growth of 18.7% year-over-year.

Assenagon Asset Management S.A. decreased its position in The Trade Desk (NASDAQ:TTD - Free Report) by 59.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,496 shares of the technology company's stock after selling 183,933 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Trade Desk were worth $9,106,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TTD. Brighton Jones LLC boosted its holdings in Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Bison Wealth LLC raised its holdings in Trade Desk by 24.3% in the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company's stock valued at $291,000 after acquiring an additional 485 shares in the last quarter. Woodline Partners LP bought a new position in Trade Desk during the 4th quarter valued at $353,000. Vise Technologies Inc. boosted its stake in Trade Desk by 63.5% during the 4th quarter. Vise Technologies Inc. now owns 3,436 shares of the technology company's stock valued at $404,000 after acquiring an additional 1,334 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in Trade Desk by 11.0% during the 4th quarter. Toronto Dominion Bank now owns 63,701 shares of the technology company's stock worth $7,487,000 after acquiring an additional 6,310 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on TTD. Jefferies Financial Group cut shares of Trade Desk from a "buy" rating to a "hold" rating and reduced their price target for the stock from $100.00 to $50.00 in a research report on Monday, August 11th. Bank of America reiterated an "underperform" rating and issued a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Royal Bank Of Canada dropped their price target on Trade Desk from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. BMO Capital Markets decreased their price objective on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Finally, BTIG Research lowered shares of Trade Desk from a "buy" rating to a "neutral" rating in a research note on Friday, August 8th. 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's stock. According to data from MarketBeat, Trade Desk presently has an average rating of "Hold" and a consensus target price of $87.21.

Trade Desk Stock Up 1.5%

NASDAQ:TTD opened at $46.86 on Wednesday. The stock has a fifty day simple moving average of $62.47 and a 200 day simple moving average of $63.29. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of 56.46, a price-to-earnings-growth ratio of 2.40 and a beta of 1.36. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data 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 for 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%. Trade Desk's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Equities analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the sale, the director owned 5,035 shares of the company's stock, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This 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 owned by corporate insiders.

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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