Chicago Capital LLC Has $30.25 Million Stock Holdings in The Trade Desk $TTD

Key Points

• Chicago Capital LLC has reduced its holdings in The Trade Desk by 14.3%, owning approximately $30.25 million worth of shares post-sale.
• The Trade Desk reported earnings of $0.18 per share for the quarter, missing expectations by ($0.24), despite growing revenue by 18.7% year-over-year.
• Analysts have mixed sentiments on The Trade Desk, with several firms adjusting their price targets, resulting in a consensus rating of "Moderate Buy" and an average target price of $86.15.

Chicago Capital LLC decreased its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 14.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 420,146 shares of the technology company's stock after selling 70,205 shares during the period. Chicago Capital LLC owned approximately 0.09% of Trade Desk worth $30,246,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TTD. Brighton Jones LLC grew 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 worth $539,000 after acquiring an additional 169 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company's stock worth $291,000 after acquiring an additional 485 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Trade Desk by 3,876.8% in the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock worth $5,033,000 after acquiring an additional 89,671 shares in the last quarter. Arlington Financial Advisors LLC grew its stake in shares of Trade Desk by 4.0% in the 1st quarter. Arlington Financial Advisors LLC now owns 7,492 shares of the technology company's stock worth $410,000 after acquiring an additional 285 shares in the last quarter. Finally, RFG Advisory LLC grew its stake in shares of Trade Desk by 26.0% in the 1st quarter. RFG Advisory LLC now owns 19,935 shares of the technology company's stock worth $1,091,000 after acquiring an additional 4,114 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company's stock.

Trade Desk Stock Up 5.3%

TTD opened at $49.64 on Tuesday. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of 59.81, a PEG ratio of 2.45 and a beta of 1.36. The firm has a 50-day moving average price of $59.82 and a 200-day moving average price of $63.05. The Trade Desk has a twelve month low of $42.96 and a twelve month 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 business 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%.Trade Desk's revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 value of $67,624.60. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, 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 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 of the company's stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TTD has been the subject of several recent analyst reports. Wells Fargo & Company lowered shares of Trade Desk from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $74.00 to $68.00 in a research note on Thursday, June 26th. Guggenheim set a $55.00 price objective on shares of Trade Desk and gave the stock a "buy" rating in a report on Monday. BMO Capital Markets decreased their price objective on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Morgan Stanley downgraded shares of Trade Desk from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $80.00 to $50.00 in a report on Wednesday, September 10th. Finally, UBS Group decreased their price objective on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating for the company in a report on Friday, August 15th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.15.

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.

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