First Bank & Trust Raises Holdings in The Trade Desk $TTD

Key Points

• First Bank & Trust increased its stake in The Trade Desk by 137.6%, owning 23,166 shares worth approximately $1.67 million following the acquisition of an additional 13,418 shares in the second quarter.
• Insider Jay R. Grant sold 51,290 shares at an average price of $91.18, representing a significant decrease of 19.03% in his holdings.
• Trade Desk reported $0.18 earnings per share, falling short of analyst expectations of $0.42; however, its revenue rose 18.7% year-over-year to $694 million.

First Bank & Trust raised its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 137.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,166 shares of the technology company's stock after purchasing an additional 13,418 shares during the period. First Bank & Trust's holdings in Trade Desk were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lifestyle Asset Management Inc. grew its position in shares of Trade Desk by 16.0% during the second quarter. Lifestyle Asset Management Inc. now owns 5,409 shares of the technology company's stock worth $389,000 after buying an additional 747 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Trade Desk by 14.3% in 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 during the last quarter. E. Ohman J or Asset Management AB acquired a new position in Trade Desk during the 2nd quarter worth approximately $1,015,000. Parallel Advisors LLC grew its holdings in Trade Desk by 13.3% during the 2nd quarter. Parallel Advisors LLC now owns 6,777 shares of the technology company's stock worth $488,000 after acquiring an additional 794 shares in the last quarter. Finally, Pacific Capital Partners Ltd purchased a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $974,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Buying and Selling

In other news, insider Jay R. Grant sold 51,290 shares of the firm'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 value of $4,676,622.20. Following the completion of the sale, the insider directly owned 218,246 shares of the company's stock, valued at $19,899,670.28. This trade 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 company's stock in a transaction 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 directly owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $45.54 on Tuesday. The company has a market cap of $22.27 billion, a P/E ratio of 54.87, a PEG ratio of 2.32 and a beta of 1.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The firm has a fifty day moving average of $66.19 and a two-hundred day moving average of $64.15.

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 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 analysts' expectations of $686.00 million. During the same period in the previous year, the firm earned $0.39 EPS. The firm's revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TTD. Piper Sandler decreased their price objective on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. Moffett Nathanson cut 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. Wedbush reaffirmed an "outperform" rating and set a $86.00 price objective on shares of Trade Desk in a research report on Tuesday, July 15th. Citigroup reiterated a "neutral" rating and issued a $65.00 price objective (down previously from $90.00) on shares of Trade Desk in a report on Friday, August 8th. Finally, Stifel Nicolaus decreased their target price on Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $87.67.

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.