Credit Agricole S A Has $1.55 Million Stake in The Trade Desk $TTD

Key Points

• Credit Agricole S A reduced its stake in The Trade Desk by 55.2%, now holding 28,271 shares valued at approximately $1.55 million.
• Insider Jay R. Grant sold 51,290 shares at an average price of $91.18, resulting in a significant 19.03% decrease in their holdings.
• The Trade Desk reported $0.18 EPS for Q2, missing expectations, with analysts projecting an average target price of $88.58 for the stock.

Credit Agricole S A lessened its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 55.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,271 shares of the technology company's stock after selling 34,868 shares during the period. Credit Agricole S A's holdings in Trade Desk were worth $1,547,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC lifted 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 acquiring an additional 169 shares during the period. Peterson Wealth Services lifted its position in shares of Trade Desk by 2.2% during the 1st quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock valued at $492,000 after acquiring an additional 190 shares during the period. Prosperity Consulting Group LLC lifted its position in shares of Trade Desk by 2.6% during the 4th quarter. Prosperity Consulting Group LLC now owns 7,834 shares of the technology company's stock valued at $921,000 after acquiring an additional 200 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Trade Desk by 5.1% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,204 shares of the technology company's stock valued at $230,000 after acquiring an additional 205 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its position in shares of Trade Desk by 5.0% during the 1st quarter. Cornerstone Wealth Group LLC now owns 4,335 shares of the technology company's stock valued at $237,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on 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 sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.00% of the stock is currently owned by insiders.

Trade Desk Trading Up 1.7%

TTD opened at $53.20 on Monday. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The company has a market cap of $26.01 billion, a price-to-earnings ratio of 64.10, a PEG ratio of 2.73 and a beta of 1.37. The company's fifty day moving average price is $72.44 and its two-hundred day moving average price is $68.15.

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 (EPS) 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 firm had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the previous year, the company earned $0.39 EPS. The business'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 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTD has been the topic of a number of research reports. Citizens Jmp dropped their target price on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Moffett Nathanson downgraded shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 target price on the stock. in a research report on Friday, August 8th. Hsbc Global Res downgraded shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Needham & Company LLC restated a "buy" rating and set a $84.00 price objective on shares of Trade Desk in a report on Monday, August 11th. Finally, Truist Financial upped their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk 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.

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.