Crestwood Advisors Group LLC Purchases 95,609 Shares of The Trade Desk $TTD

Key Points

• Crestwood Advisors Group LLC increased its Trade Desk stake by 133.5% in the fourth quarter, adding 95,609 shares to bring its total holdings to 167,209 shares worth about $6.35 million.
• Institutional interest in Trade Desk remains high, with several other hedge funds also adding positions and institutions owning about 67.77% of the stock.
• The company recently reported mixed results: revenue rose 11.8% year over year to $688.86 million, but earnings per share missed estimates, and analysts have since trimmed price targets while maintaining mostly bullish or hold ratings.

Crestwood Advisors Group LLC grew its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 133.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,209 shares of the technology company's stock after acquiring an additional 95,609 shares during the period. Crestwood Advisors Group LLC's holdings in Trade Desk were worth $6,347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Praxis Investment Management Inc. bought a new position in shares of Trade Desk during the fourth quarter valued at about $861,000. RFG Advisory LLC raised its stake in shares of Trade Desk by 175.6% during the fourth quarter. RFG Advisory LLC now owns 53,128 shares of the technology company's stock valued at $2,017,000 after acquiring an additional 33,848 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Trade Desk during the fourth quarter valued at about $514,000. Swedbank AB increased its position in shares of Trade Desk by 1.5% during the fourth quarter. Swedbank AB now owns 332,232 shares of the technology company's stock valued at $12,612,000 after buying an additional 5,000 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Trade Desk by 4.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 966,419 shares of the technology company's stock valued at $36,415,000 after buying an additional 40,796 shares during the period. 67.77% of the stock is owned by institutional investors.

Trending Headlines about Trade Desk

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Benchmark, Guggenheim, Needham, and other firms kept bullish ratings on TTD even after cutting price targets, suggesting analysts still see upside from current levels. Benchmark price target cut article
• Positive Sentiment: Despite the selloff, revenue growth remained solid, helped by AI-related launches, strategic partnerships, and continued strength in connected TV advertising. Zacks earnings article
• Neutral Sentiment: Trade Desk also held its annual stockholder meeting and approved directors and governance matters, which is not likely to move the stock much. Stockholder approval article
• Negative Sentiment: Multiple firms downgraded or cut targets after the weak guide, reinforcing concerns that ad-tech demand is slowing and agency-client uncertainty is weighing on the business. Analyst downgrades article
• Negative Sentiment: Commentary from Jim Cramer and other market coverage highlighted Trade Desk as a lagging name in digital advertising after the earnings miss, adding to bearish sentiment. Cramer red flag article

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of the firm's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares of the company's stock, valued at approximately $59,255.70. This trade represents a 98.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.41% of the company's stock.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $23.00 on Friday. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45. The company has a 50 day simple moving average of $23.73 and a two-hundred day simple moving average of $32.86. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 26.14, a P/E/G ratio of 0.94 and a beta of 1.10.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.68%. The business had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. During the same period in the prior year, the business posted $0.33 EPS. Trade Desk's revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts forecast that The Trade Desk will post 1.27 earnings per share for the current fiscal year.

Trade Desk announced that its board has approved a share buyback plan on Wednesday, February 25th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TTD. UBS Group set a $31.00 price target on shares of Trade Desk and gave the company a "buy" rating in a research report on Tuesday, April 21st. Cantor Fitzgerald reiterated a "neutral" rating and set a $22.00 price target on shares of Trade Desk in a research report on Thursday, February 26th. Guggenheim reduced their price target on shares of Trade Desk from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday. Cfra reiterated a "hold" rating and set a $40.00 price target on shares of Trade Desk in a research report on Tuesday, January 27th. Finally, Benchmark reduced their price target on shares of Trade Desk from $40.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-two have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of "Hold" and a consensus target price of $37.79.

Trade Desk Profile

The Trade Desk, Inc NASDAQ: TTD is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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