Ballentine Partners LLC Invests $429,000 in The Trade Desk $TTD

Key Points

• Ballentine Partners LLC acquired a new position in The Trade Desk, purchasing 5,953 shares valued at approximately $429,000 during the second quarter.
• The company's stock price opened at $47.14 and has a market capitalization of $23.05 billion, with a noted PE ratio of 56.80.
• Insider transactions include significant sales of shares by insiders, with one selling over 51,000 shares at an average price of $91.18.

Ballentine Partners LLC purchased a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,953 shares of the technology company's stock, valued at approximately $429,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Norden Group LLC lifted its position in Trade Desk by 50.3% in the 2nd quarter. Norden Group LLC now owns 7,983 shares of the technology company's stock valued at $575,000 after acquiring an additional 2,672 shares in the last quarter. West Oak Capital LLC lifted its position in Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company's stock valued at $31,000 after acquiring an additional 350 shares in the last quarter. Golden State Equity Partners lifted its position in Trade Desk by 3.9% in the 2nd quarter. Golden State Equity Partners now owns 8,699 shares of the technology company's stock valued at $626,000 after acquiring an additional 323 shares in the last quarter. LaFleur & Godfrey LLC bought a new stake in Trade Desk in the 2nd quarter valued at $5,029,000. Finally, GAMMA Investing LLC lifted its position in Trade Desk by 42.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,387 shares of the technology company's stock valued at $172,000 after acquiring an additional 706 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Price Performance

Trade Desk stock opened at $47.14 on Friday. The firm has a market capitalization of $23.05 billion, a PE ratio of 56.80, a P/E/G ratio of 2.45 and a beta of 1.36. The company's 50-day moving average is $60.43 and its 200-day moving average is $63.02. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The firm's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm 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.

Analysts Set New Price Targets

Several research firms recently commented on TTD. Scotiabank cut their price objective on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, August 8th. Piper Sandler lowered their price target on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Jefferies Financial Group lowered shares of Trade Desk from a "buy" rating to a "hold" rating and lowered their price target for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Moffett Nathanson lowered shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target on the stock. in a research note on Friday, August 8th. Finally, Citigroup lowered their price target on shares of Trade Desk from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, September 19th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $87.21.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction dated 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 transaction, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

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.

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