E. Ohman J or Asset Management AB Buys New Shares in The Trade Desk $TTD

E. Ohman J or Asset Management AB bought a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,100 shares of the technology company's stock, valued at approximately $1,015,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Parallel Advisors LLC lifted its stake in Trade Desk by 13.3% during the second quarter. Parallel Advisors LLC now owns 6,777 shares of the technology company's stock valued at $488,000 after purchasing an additional 794 shares during the last quarter. Pacific Capital Partners Ltd acquired a new stake in Trade Desk during the second quarter valued at approximately $974,000. Roxbury Financial LLC lifted its stake in Trade Desk by 15,159.3% during the second quarter. Roxbury Financial LLC now owns 4,120 shares of the technology company's stock valued at $297,000 after purchasing an additional 4,093 shares during the last quarter. Centurion Wealth Management LLC lifted its stake in Trade Desk by 59.3% during the second quarter. Centurion Wealth Management LLC now owns 6,009 shares of the technology company's stock valued at $433,000 after purchasing an additional 2,236 shares during the last quarter. Finally, AG2R LA Mondiale Gestion D Actifs acquired a new stake in Trade Desk during the first quarter valued at approximately $1,023,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TTD has been the subject of several recent research reports. Wells Fargo & Company lowered shares of Trade Desk from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $74.00 to $68.00 in a research note on Thursday, June 26th. Hsbc Global Res downgraded shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. KeyCorp upped their price target on shares of Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Morgan Stanley downgraded shares of Trade Desk from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $80.00 to $50.00 in a research report on Wednesday, September 10th. Finally, Wall Street Zen downgraded shares of Trade Desk from a "hold" rating to a "sell" rating in a research report on Monday, September 1st. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Trade Desk presently has an average rating of "Hold" and a consensus target price of $87.67.

Trade Desk Stock Up 0.9%

TTD stock opened at $45.54 on Tuesday. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 54.87, a PEG ratio of 2.32 and a beta of 1.36. The company has a 50 day moving average of $66.19 and a two-hundred day moving average of $64.15.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its 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). 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 during the quarter, compared to analysts' expectations of $686.00 million. During the same quarter in the previous year, the company earned $0.39 EPS. The firm's quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

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.

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