Caxton Associates LLP Invests $4.27 Million in The Trade Desk $TTD

Key Points

• Caxton Associates LLP invested $4.27 million in The Trade Desk by purchasing 77,985 shares during the 1st quarter, indicating growing institutional interest in the company's stock.
• The Trade Desk's recent earnings report showed an EPS of $0.18, missing estimates by $0.24, despite a year-over-year revenue increase of 18.7% to $694.04 million.
• Analyst price targets for The Trade Desk have been reduced significantly, with several firms lowering their expectations, but the average rating remains a "Moderate Buy" with a consensus price target of $88.58.

Caxton Associates LLP bought a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 77,985 shares of the technology company's stock, valued at approximately $4,267,000.

A number of other hedge funds have also modified their holdings of TTD. Investment Management Corp VA ADV purchased a new stake in shares of Trade Desk during the 4th quarter worth about $25,000. Park Square Financial Group LLC acquired a new stake in shares of Trade Desk in the fourth quarter valued at about $47,000. Banque Cantonale Vaudoise bought a new position in Trade Desk in the 1st quarter worth approximately $26,000. Fourth Dimension Wealth LLC acquired a new position in shares of Trade Desk during the fourth quarter worth approximately $56,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Trade Desk in the first quarter valued at approximately $27,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Up 0.7%

Trade Desk stock traded up $0.37 during mid-day trading on Tuesday, hitting $52.40. 7,869,379 shares of the company were exchanged, compared to its average volume of 12,228,554. The company has a market capitalization of $25.62 billion, a PE ratio of 63.13, a price-to-earnings-growth ratio of 2.67 and a beta of 1.36. The business has a fifty day moving average of $68.47 and a 200 day moving average of $64.96. 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 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. Research analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the business'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 value of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares of the company's stock, valued at $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TTD shares. Bank of America reaffirmed an "underperform" rating and set a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. 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 report on Friday, August 8th. BTIG Research lowered shares of Trade Desk from a "buy" rating to a "neutral" rating in a research report on Friday, August 8th. HSBC reissued a "hold" rating and set a $56.00 target price on shares of Trade Desk in a research report on Monday, August 11th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $65.00 price target (down previously from $90.00) on shares of Trade Desk in a report on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $88.58.

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.