Capital Impact Advisors LLC Buys New Shares in The Trade Desk $TTD

Key Points

• Capital Impact Advisors LLC has acquired a new position in The Trade Desk, purchasing 81,885 shares valued at approximately $4.48 million.
• Insider Jay R. Grant sold 51,290 shares of The Trade Desk, significantly reducing their ownership by 19.03%, as disclosed in SEC filings.
• Recent analyst ratings reflect a cautious outlook for The Trade Desk, with target price adjustments from various brokerages leading to a consensus rating of "Hold" and an average target price of $87.67.

Capital Impact Advisors LLC purchased a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 81,885 shares of the technology company's stock, valued at approximately $4,481,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC raised its stake in shares of Trade Desk by 2.6% in the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock worth $315,000 after acquiring an additional 144 shares during the last quarter. Tradition Wealth Management LLC increased its stake in shares of Trade Desk by 2.4% in the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock valued at $347,000 after buying an additional 150 shares during the period. Meiji Yasuda Life Insurance Co increased its stake in shares of Trade Desk by 2.8% in the 1st quarter. Meiji Yasuda Life Insurance Co now owns 5,857 shares of the technology company's stock valued at $320,000 after buying an additional 157 shares during the period. Brighton Jones LLC increased its stake in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after buying an additional 169 shares during the period. Finally, Peterson Wealth Services increased its stake in shares of Trade Desk by 2.2% in the 1st quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock valued at $492,000 after buying an additional 190 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Down 2.0%

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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TTD shares. BMO Capital Markets lowered their target price on Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Wall Street Zen cut Trade Desk from a "hold" rating to a "sell" rating in a research note on Monday, September 1st. Arete Research raised Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. Needham & Company LLC reissued a "buy" rating and issued a $84.00 target price on shares of Trade Desk in a research note on Monday. Finally, Bank of America reissued an "underperform" rating and issued a $55.00 target price (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $87.67.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.00% of the stock is owned by corporate insiders.

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.