Erste Asset Management GmbH Sells 120,000 Shares of The Trade Desk $TTD

Key Points

• Erste Asset Management GmbH has significantly reduced its stake in The Trade Desk by selling 120,000 shares, resulting in a 75% decrease in ownership, leaving them with only 40,000 shares valued at approximately $2.19 million.
• Insider Jay R. Grant also sold a substantial amount of shares, totaling 51,290 at an average price of $91.18, which decreased his ownership by 19.03%.
• Recent analyst ratings on Trade Desk have been mixed, with Oppenheimer raising the price target to $110, while Moffett Nathanson and Wall Street Zen downgraded the stock's rating, indicating divergent opinions on its future performance.

Erste Asset Management GmbH cut its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 75.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,000 shares of the technology company's stock after selling 120,000 shares during the quarter. Erste Asset Management GmbH's holdings in Trade Desk were worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new stake in Trade Desk during the 4th quarter worth approximately $25,000. Park Square Financial Group LLC bought a new stake in Trade Desk during the 4th quarter worth approximately $47,000. BNP Paribas bought a new stake in Trade Desk during the 4th quarter worth approximately $50,000. Banque Cantonale Vaudoise bought a new stake in Trade Desk during the 1st quarter worth approximately $26,000. Finally, Banque Transatlantique SA bought a new stake in Trade Desk during the 4th quarter worth approximately $56,000. 67.77% of the stock is owned by institutional investors.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TTD shares. Oppenheimer upped their price objective on shares of Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $84.00 price objective on shares of Trade Desk in a research note on Monday, August 11th. BTIG Research lowered shares of Trade Desk from a "buy" rating to a "neutral" rating in a research note on Friday, August 8th. Moffett Nathanson lowered shares of Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price objective on the stock. in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Trade Desk from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

Trade Desk Stock Down 0.4%

Shares of NASDAQ TTD opened at $52.30 on Friday. The firm has a market cap of $25.57 billion, a PE ratio of 63.01, a P/E/G ratio of 2.70 and a beta of 1.37. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The company's fifty day simple moving average is $72.73 and its 200 day simple moving average is $69.20.

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