Fred Alger Management LLC Decreases Holdings in The Trade Desk $TTD

Fred Alger Management LLC reduced its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 74.1% during the first quarter, according to its most recent filing with the SEC. The fund owned 37,240 shares of the technology company's stock after selling 106,743 shares during the quarter. Fred Alger Management LLC's holdings in Trade Desk were worth $2,038,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TTD. Ashton Thomas Private Wealth LLC raised its position in Trade Desk by 9.9% in the first quarter. Ashton Thomas Private Wealth LLC now owns 16,282 shares of the technology company's stock worth $891,000 after acquiring an additional 1,466 shares during the period. Resources Management Corp CT ADV increased its stake in shares of Trade Desk by 41.8% during the 1st quarter. Resources Management Corp CT ADV now owns 2,340 shares of the technology company's stock worth $128,000 after purchasing an additional 690 shares during the last quarter. Teza Capital Management LLC bought a new stake in shares of Trade Desk in the 1st quarter worth approximately $1,039,000. Shellback Capital LP lifted its stake in Trade Desk by 400.0% in the first quarter. Shellback Capital LP now owns 75,000 shares of the technology company's stock valued at $4,104,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Petrus Trust Company LTA lifted its stake in Trade Desk by 138.2% in the first quarter. Petrus Trust Company LTA now owns 8,183 shares of the technology company's stock valued at $448,000 after purchasing an additional 4,748 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on TTD. BMO Capital Markets lowered their target price on Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. JMP Securities reissued a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a report on Tuesday, June 24th. HSBC reaffirmed a "hold" rating and set a $56.00 price objective on shares of Trade Desk in a report on Monday, August 11th. Wedbush reiterated an "outperform" rating and issued a $86.00 target price on shares of Trade Desk in a research note on Tuesday, July 15th. Finally, KeyCorp boosted their price target on shares of Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Trade Desk has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Trading Up 0.7%

Shares of Trade Desk stock opened at $52.40 on Wednesday. The company's 50-day moving average price is $68.47 and its 200-day moving average price is $64.96. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 63.13, a PEG ratio of 2.67 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The firm had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. During the same period last year, the company posted $0.39 EPS. The business's revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.00% of the company's stock.

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.

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