Eventide Asset Management LLC Cuts Stock Position in The Trade Desk $TTD

Key Points

• Eventide Asset Management LLC cut its stake in The Trade Desk by 56.3%, selling 497,301 shares and now owning 385,650 shares valued at approximately $21.1 million.
• The Trade Desk reported a quarterly earnings per share (EPS) of $0.18, missing analysts' expectations of $0.42, despite achieving revenue of $694.04 million.
• Despite the recent poor earnings, 21 analysts maintain a Buy rating on Trade Desk, while the average target price stands at $88.58.

Eventide Asset Management LLC decreased its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 56.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,650 shares of the technology company's stock after selling 497,301 shares during the period. Eventide Asset Management LLC owned about 0.08% of Trade Desk worth $21,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new stake in Trade Desk during the 4th quarter worth $25,000. Park Square Financial Group LLC purchased a new position in shares of Trade Desk during the fourth quarter worth about $47,000. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk in the 1st quarter valued at about $26,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Trade Desk in the 4th quarter valued at about $56,000. Finally, Cloud Capital Management LLC purchased a new position in Trade Desk during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

Shares of TTD opened at $53.77 on Thursday. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The stock has a market cap of $26.29 billion, a price-to-earnings ratio of 64.78, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36. The firm has a 50 day simple moving average of $69.96 and a 200-day simple moving average of $65.73.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). The company had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm's revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTD has been the topic of a number of recent research reports. JMP Securities restated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research note on Tuesday, June 24th. Piper Sandler reduced their price objective on Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. Guggenheim cut their price objective on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Oppenheimer raised their target price on shares of Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Finally, HSBC reiterated a "hold" rating and set a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. Twenty-one investment 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.00% of the stock is currently owned by corporate 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.

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.