Intech Investment Management LLC Acquires 237,724 Shares of The Trade Desk $TTD

Key Points

• Intech Investment Management LLC significantly increased its stake in The Trade Desk by 5,779.8%, acquiring an additional 237,724 shares, bringing its total holdings to 241,837 shares valued at approximately $13.2 million.
• Trade Desk recently reported earnings of $0.18 per share for the last quarter, missing analysts' estimates of $0.42, despite achieving a revenue of $694.04 million which exceeded expectations.
• Analysts have a consensus rating of Hold on Trade Desk stock, with various price target adjustments—Rosenblatt Securities maintains a "buy" rating, while Morgan Stanley lowered its rating from "overweight" to "equal weight."

Intech Investment Management LLC boosted its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 5,779.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,837 shares of the technology company's stock after acquiring an additional 237,724 shares during the period. Intech Investment Management LLC's holdings in Trade Desk were worth $13,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTD. Brown Advisory Inc. grew its holdings in Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock worth $443,358,000 after acquiring an additional 5,387,339 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Trade Desk during the first quarter valued at about $191,935,000. Vanguard Group Inc. lifted its position in shares of Trade Desk by 3.7% during the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after buying an additional 1,567,491 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Trade Desk by 255.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company's stock valued at $96,132,000 after buying an additional 1,262,492 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new stake in shares of Trade Desk during the first quarter valued at about $66,948,000. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on TTD shares. Rosenblatt Securities reissued a "buy" rating on shares of Trade Desk in a research report on Friday, August 8th. Wedbush reissued an "outperform" rating and set a $86.00 price target on shares of Trade Desk in a research report on Tuesday, July 15th. Royal Bank Of Canada decreased their price target on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Stifel Nicolaus decreased their price target on shares of Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, Morgan Stanley lowered shares of Trade Desk from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $80.00 to $50.00 in a research report on Wednesday. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $87.67.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is owned by insiders.

Trade Desk Stock Down 11.9%

Shares of Trade Desk stock opened at $46.14 on Thursday. The firm has a market capitalization of $22.56 billion, a P/E ratio of 55.59, a PEG ratio of 2.69 and a beta of 1.36. The company has a 50 day moving average price of $67.92 and a 200 day moving average price of $64.83. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). The business had revenue of $694.04 million for 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 business's quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal 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.

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