Calamos Wealth Management LLC Acquires New Holdings in The Trade Desk $TTD

Calamos Wealth Management LLC acquired a new stake in The Trade Desk (NASDAQ:TTD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,006 shares of the technology company's stock, valued at approximately $504,000.

Several other hedge funds have also recently bought and sold shares of the company. Brown Advisory Inc. raised its position in shares of Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock worth $443,358,000 after buying an additional 5,387,339 shares in the last quarter. Nuveen LLC bought a new stake in shares of Trade Desk during the 1st quarter worth about $191,935,000. Vanguard Group Inc. raised its position in shares of Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock worth $2,420,689,000 after buying an additional 1,567,491 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Trade Desk by 255.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company's stock worth $96,132,000 after buying an additional 1,262,492 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in shares of Trade Desk during the 1st quarter worth about $66,948,000. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Price Performance

Trade Desk stock opened at $49.98 on Monday. The firm's 50 day simple moving average is $50.65 and its 200-day simple moving average is $62.58. The company has a market cap of $24.44 billion, a P/E ratio of 60.22, a price-to-earnings-growth ratio of 2.67 and a beta of 1.38. 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 earnings results 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 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%.The business's revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JMP Securities set a $60.00 price target on shares of Trade Desk and gave the stock a "market outperform" rating in a research report on Tuesday, September 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $84.00 price objective on shares of Trade Desk in a research note on Monday, September 8th. Hsbc Global Res cut shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Wedbush reaffirmed an "outperform" rating and issued a $86.00 price objective on shares of Trade Desk in a research note on Tuesday, July 15th. Finally, KeyCorp lifted their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $84.48.

Insider Activity at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the firm's stock in a transaction that occurred on 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 sale, the director directly owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the firm'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 transaction of $4,676,622.20. Following the sale, the insider 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. Company insiders own 10.00% of the company's stock.

Trade Desk 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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