Congress Asset Management Co. Sells 22,326 Shares of The Trade Desk $TTD

Key Points

• Congress Asset Management Co. reduced its stake in The Trade Desk by 1.5%, selling 22,326 shares to hold 1,455,744 shares valued at approximately $104.8 million.
• The Trade Desk reported a quarterly earnings miss with EPS of $0.18, falling short of the estimated $0.42, despite a 18.7% revenue increase year-over-year.
• Recent analyst ratings show a mixed outlook for Trade Desk, with multiple firms lowering their price targets significantly, reflecting a consensus rating of "Hold" at a target price of $87.21.

Congress Asset Management Co. lowered its position in The Trade Desk (NASDAQ:TTD - Free Report) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,455,744 shares of the technology company's stock after selling 22,326 shares during the period. Congress Asset Management Co. owned about 0.30% of Trade Desk worth $104,799,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC bought a new position in shares of Trade Desk in the fourth quarter worth about $47,000. West Oak Capital LLC lifted its holdings in Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company's stock worth $31,000 after purchasing an additional 350 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Trade Desk in the 1st quarter worth approximately $26,000. Cloud Capital Management LLC bought a new position in Trade Desk in the 1st quarter worth approximately $27,000. Finally, von Borstel & Associates Inc. purchased a new stake in Trade Desk during the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Trading Down 0.2%

Shares of NASDAQ:TTD opened at $46.76 on Friday. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The company has a 50-day moving average price of $61.09 and a 200 day moving average price of $63.08. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 56.34, a PEG ratio of 2.44 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data 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). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The company had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The company's revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on TTD. Wells Fargo & Company downgraded shares of Trade Desk from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $74.00 to $68.00 in a report on Thursday, June 26th. Scotiabank reduced their price target on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, August 8th. Bank of America reiterated an "underperform" rating and issued a $55.00 price target (down previously from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. BTIG Research lowered Trade Desk from a "buy" rating to a "neutral" rating in a research report on Friday, August 8th. Finally, BMO Capital Markets reduced their target price on Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Trade Desk currently has a consensus rating of "Hold" and a consensus target price of $87.21.

Insider Activity at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the 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 sale, the director owned 5,035 shares in the company, valued at approximately $242,687. This represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction 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 completion of the sale, the insider owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

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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