Element Capital Management LLC Takes $2.54 Million Position in The Trade Desk $TTD

Key Points

• Element Capital Management LLC acquired 46,383 shares of The Trade Desk, valued at approximately $2.54 million, highlighting growing institutional interest in the company.
• Despite a quarterly revenue increase of 18.7%, The Trade Desk missed earnings expectations, reporting $0.18 EPS against a consensus estimate of $0.42.
• Analysts have varied opinions on the stock, with target prices ranging from $45.00 to $110.00, reflecting differing outlooks on the company's future performance.

Element Capital Management LLC bought a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,383 shares of the technology company's stock, valued at approximately $2,538,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Advisory Inc. boosted its position 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 last quarter. Nuveen LLC purchased a new stake in shares of Trade Desk in the first quarter worth $191,935,000. Vanguard Group Inc. increased its stake in Trade Desk by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock worth $2,420,689,000 after buying an additional 1,567,491 shares in the last quarter. Nuveen Asset Management LLC raised its stake in Trade Desk by 22.6% during the 4th quarter. Nuveen Asset Management LLC now owns 2,844,036 shares of the technology company's stock valued at $334,260,000 after purchasing an additional 523,627 shares during the period. Finally, Congress Asset Management Co. raised its position in shares of Trade Desk by 47.1% during the first quarter. Congress Asset Management Co. now owns 1,478,070 shares of the technology company's stock valued at $80,880,000 after buying an additional 473,132 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TTD. Scotiabank decreased their target price on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, August 8th. HSBC restated a "hold" rating and issued a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Macquarie boosted their price objective on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Monday, May 19th. DA Davidson dropped their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Moffett Nathanson lowered Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target on the stock. in a research note on Friday, August 8th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and a consensus price target of $88.58.

Trade Desk Stock Performance

NASDAQ:TTD remained flat at $52.53 during mid-day trading on Wednesday. 8,962,809 shares of the company's stock traded hands, compared to its average volume of 19,039,160. The company has a market capitalization of $25.68 billion, a PE ratio of 63.29, a price-to-earnings-growth ratio of 2.70 and a beta of 1.37. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The business's 50-day moving average price is $73.10 and its two-hundred day moving average price is $69.65.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same quarter in the prior year, the business posted $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, equities research analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares of the company's stock, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 10.00% of the stock is owned by company insiders.

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.