11,742 Shares in The Trade Desk $TTD Acquired by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d'investissement inc. acquired a new position in The Trade Desk, purchasing 11,742 shares valued at approximately $845,000.
• Insider Jay R. Grant sold 51,290 shares at an average price of $91.18, resulting in a 19.03% decrease in his ownership of the company.
• Analysts have downgraded Trade Desk’s stock ratings, with Piper Sandler and BTIG Research lowering their targets, while the consensus rating remains a "Hold" with an average price target of $87.67.

Financiere des Professionnels Fonds d investissement inc. bought a new stake in The Trade Desk (NASDAQ:TTD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,742 shares of the technology company's stock, valued at approximately $845,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC lifted its holdings in shares of Trade Desk by 2.6% in the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock valued at $315,000 after purchasing an additional 144 shares in the last quarter. Tradition Wealth Management LLC raised its holdings in Trade Desk by 2.4% during the first quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock worth $347,000 after acquiring an additional 150 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in Trade Desk by 2.8% during the first quarter. Meiji Yasuda Life Insurance Co now owns 5,857 shares of the technology company's stock worth $320,000 after acquiring an additional 157 shares in the last quarter. Brighton Jones LLC raised its holdings in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after acquiring an additional 169 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Trade Desk by 14.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,439 shares of the technology company's stock worth $104,000 after acquiring an additional 180 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on TTD. BMO Capital Markets dropped their target price on Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Bank of America reiterated an "underperform" rating and set a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Wells Fargo & Company lowered Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $74.00 to $68.00 in a report on Thursday, June 26th. Wall Street Zen lowered Trade Desk from a "hold" rating to a "sell" rating in a report on Monday, September 1st. Finally, KeyCorp upped their target price on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $87.67.

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director owned 5,035 shares of the company's stock, valued at approximately $242,687. This represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

Trade Desk Trading Down 3.2%

NASDAQ:TTD traded down $1.44 on Thursday, hitting $43.93. The company's stock had a trading volume of 22,195,814 shares, compared to its average volume of 13,425,538. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The stock has a fifty day moving average of $64.35 and a two-hundred day moving average of $63.72. The firm has a market capitalization of $21.48 billion, a P/E ratio of 52.93, a price-to-earnings-growth ratio of 2.36 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $686.00 million. During the same period in the previous year, the company posted $0.39 EPS. Trade Desk's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

About Trade Desk

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.