1,223,470 Shares in The Trade Desk $TTD Bought by Champlain Investment Partners LLC

Key Points

• Champlain Investment Partners LLC acquired 1,223,470 shares of The Trade Desk, valued at approximately $66.9 million, representing about 0.25% ownership by the firm.
• The Trade Desk experienced a 0.3% decline in stock price, with current shares trading at $52.22, amidst a recent earnings report that missed EPS estimates.
• Analysts have mixed sentiments on The Trade Desk, with an average target price of $88.58 and 21 analysts rating it a Buy.

Champlain Investment Partners LLC bought a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,223,470 shares of the technology company's stock, valued at approximately $66,948,000. Champlain Investment Partners LLC owned approximately 0.25% of Trade Desk at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TTD. Brighton Jones LLC boosted its position in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Trade Desk by 17.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 13,628 shares of the technology company's stock valued at $1,602,000 after purchasing an additional 2,026 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Trade Desk in the fourth quarter worth approximately $4,784,000. Boothbay Fund Management LLC bought a new position in Trade Desk in the fourth quarter worth approximately $480,000. Finally, Quarry LP bought a new position in Trade Desk in the fourth quarter worth approximately $179,000. Institutional investors own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TTD shares. Macquarie increased their price target on Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. BMO Capital Markets cut their price target on Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Citigroup reiterated 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. UBS Group cut their price target on Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Finally, Wall Street Zen upgraded Trade Desk from a "sell" rating to a "hold" rating in a report on Sunday. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Insider Buying and Selling at Trade Desk

In other news, 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 value of $4,676,622.20. Following the transaction, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.00% of the stock is owned by corporate insiders.

Trade Desk Price Performance

Shares of TTD stock traded up $2.71 during trading hours on Thursday, reaching $55.36. The company had a trading volume of 12,341,181 shares, compared to its average volume of 19,157,898. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The business has a fifty day simple moving average of $71.19 and a 200-day simple moving average of $67.02. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 66.70, a price-to-earnings-growth ratio of 2.70 and a beta of 1.37.

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 analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the prior year, the business earned $0.39 EPS. The firm's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities research analysts expect 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.