Canada Pension Plan Investment Board Increases Stock Position in The Trade Desk $TTD

Key Points

• The Canada Pension Plan Investment Board increased its stake in The Trade Desk by 33.7% during the first quarter, now owning 388,242 shares valued at approximately $21.2 million.
• Several analysts downgraded their ratings for Trade Desk, with Jefferies Financial Group reducing its price objective for the stock from $100 to $50.
• Trade Desk reported $0.18 EPS in its latest earnings, significantly missing the consensus estimate of $0.42, although its revenue of $694 million exceeded expectations.

Canada Pension Plan Investment Board lifted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 33.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 388,242 shares of the technology company's stock after purchasing an additional 97,824 shares during the quarter. Canada Pension Plan Investment Board owned about 0.08% of Trade Desk worth $21,245,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. GKV Capital Management Co. Inc. acquired a new stake in shares of Trade Desk during the first quarter worth about $44,000. Parnassus Investments LLC lifted its position in shares of Trade Desk by 73.4% during the first quarter. Parnassus Investments LLC now owns 1,496,796 shares of the technology company's stock worth $81,905,000 after purchasing an additional 633,782 shares in the last quarter. State of Wyoming acquired a new stake in shares of Trade Desk during the first quarter worth about $80,000. Trexquant Investment LP lifted its position in shares of Trade Desk by 124.8% during the first quarter. Trexquant Investment LP now owns 350,646 shares of the technology company's stock worth $19,187,000 after purchasing an additional 194,686 shares in the last quarter. Finally, Graney & King LLC lifted its position in shares of Trade Desk by 136.0% during the first quarter. Graney & King LLC now owns 2,360 shares of the technology company's stock worth $129,000 after purchasing an additional 1,360 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Citigroup reissued a "neutral" rating and set a $65.00 price target (down previously from $90.00) on shares of Trade Desk in a research report on Friday, August 8th. Citizens Jmp reduced their target price on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Moffett Nathanson cut shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 target price on the stock. in a report on Friday, August 8th. Oppenheimer raised their target price on shares of Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Finally, Scotiabank reduced their target price on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, August 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.58.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on 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 directly 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 document filed with the SEC, which is available at this hyperlink. 10.00% of the stock is owned by corporate insiders.

Trade Desk Stock Down 0.9%

Trade Desk stock traded down $0.48 during mid-day trading on Tuesday, hitting $54.18. The company had a trading volume of 7,776,411 shares, compared to its average volume of 11,215,558. The stock has a market cap of $26.49 billion, a price-to-earnings ratio of 65.28, a PEG ratio of 2.81 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. The business has a fifty day moving average of $70.63 and a 200 day moving average of $65.89.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly earnings results 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Equities analysts anticipate that The Trade Desk will post 1.06 earnings per share 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.