First Bank & Trust Increases Stock Position 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 boosted its position in The Trade Desk (NASDAQ:TTD - Free Report) by 137.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new stake in Trade Desk in the fourth quarter valued at about $25,000. Banque Cantonale Vaudoise acquired a new stake in Trade Desk in the first quarter valued at about $26,000. Cloud Capital Management LLC acquired a new stake in Trade Desk in the first quarter valued at about $27,000. von Borstel & Associates Inc. acquired a new stake in Trade Desk in the first quarter valued at about $31,000. Finally, Alpine Bank Wealth Management acquired a new stake in Trade Desk in the first quarter valued at about $35,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director directly owned 5,035 shares of the company's stock, valued at $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay R. Grant sold 51,290 shares of the business's 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 sale, 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 disclosure for this sale can be found here. 10.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TTD shares. Arete Research upgraded shares of Trade Desk to a "strong sell" rating in a research report on Monday, July 28th. BMO Capital Markets reduced their price target on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Rosenblatt Securities reiterated a "buy" rating on shares of Trade Desk in a research report on Friday, August 8th. Citigroup reduced their price target on shares of Trade Desk from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Scotiabank reduced their price target on shares of Trade Desk from $83.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, August 8th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Trade Desk has a consensus rating of "Hold" and a consensus price target of $87.21.

Trade Desk Price Performance

TTD stock traded down $0.23 during midday trading on Friday, hitting $43.70. The stock had a trading volume of 12,504,016 shares, compared to its average volume of 11,711,929. The firm has a market cap of $21.37 billion, a PE ratio of 52.65, a price-to-earnings-growth ratio of 2.36 and a beta of 1.36. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The company's 50-day moving average price is $64.35 and its 200 day moving average price is $63.72.

Trade Desk (NASDAQ:TTD - Get Free Report) last released 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). The firm had revenue of $694.04 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. 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.