CMH Wealth Management LLC Cuts Position in The Trade Desk $TTD

Key Points

• CMH Wealth Management LLC has reduced its ownership in The Trade Desk by 35.9%, selling 73,209 shares and now holds 130,439 shares, valued at approximately $9,390,000.
• Trade Desk recently reported earnings of $0.18 per share, missing estimates of $0.42, despite a revenue increase of 18.7% year-over-year to $694.04 million.
• Insider Jay R. Grant sold 51,290 shares at an average price of $91.18, indicating a 19.03% decrease in his position, while 67.77% of the stock is currently owned by institutional investors.

CMH Wealth Management LLC trimmed its position in The Trade Desk (NASDAQ:TTD - Free Report) by 35.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,439 shares of the technology company's stock after selling 73,209 shares during the period. Trade Desk accounts for 2.2% of CMH Wealth Management LLC's portfolio, making the stock its 18th biggest position. CMH Wealth Management LLC's holdings in Trade Desk were worth $9,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. Brown Advisory Inc. grew its stake in Trade Desk by 198.4% in the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock worth $443,358,000 after purchasing an additional 5,387,339 shares during the period. Nuveen LLC purchased a new stake in Trade Desk in the first quarter worth $191,935,000. Vanguard Group Inc. grew its stake in Trade Desk by 3.7% in the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock worth $2,420,689,000 after purchasing an additional 1,567,491 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Trade Desk by 255.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company's stock worth $96,132,000 after purchasing an additional 1,262,492 shares during the period. Finally, Champlain Investment Partners LLC purchased a new stake in Trade Desk in the first quarter worth $66,948,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on TTD. Royal Bank Of Canada reduced their price target on Trade Desk from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. KeyCorp increased their target price on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Scotiabank cut their target price on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, August 8th. Citigroup cut their target price on Trade Desk from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Hsbc Global Res cut Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $87.21.

Trade Desk Stock Performance

Shares of NASDAQ:TTD traded up $0.54 during midday trading on Friday, reaching $44.47. 52,901,240 shares of the company's stock traded hands, compared to its average volume of 14,213,349. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 53.58, a P/E/G ratio of 2.32 and a beta of 1.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The stock has a 50 day moving average of $63.73 and a 200 day moving average of $63.54.

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 analysts' consensus estimates of $0.42 by ($0.24). The business had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company'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 earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director directly owned 5,035 shares of the company's stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company's stock.

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.