Interchange Capital Partners LLC Decreases Position in The Trade Desk $TTD

Key Points

• Interchange Capital Partners LLC significantly decreased its stake in The Trade Desk by 92.0%, owning just 463 shares after selling 5,327 shares in the second quarter.
• Insider trading reports indicate that Jay R. Grant sold 51,290 shares at an average price of $91.18, while director Andrea Lee Cunningham sold 1,403 shares at $48.20, reflecting notable decreases in their ownership.
• The Trade Desk reported a quarterly earnings miss with $0.18 EPS, below the consensus estimate of $0.42, despite an 18.7% increase in revenue year-over-year.

Interchange Capital Partners LLC lowered its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 92.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 463 shares of the technology company's stock after selling 5,327 shares during the period. Interchange Capital Partners LLC's holdings in Trade Desk were worth $33,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock worth $2,420,689,000 after purchasing an additional 1,567,491 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of 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 purchasing an additional 5,387,339 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Trade Desk during the 1st quarter worth approximately $191,935,000. Zevenbergen Capital Investments LLC increased its stake in shares of Trade Desk by 3.7% during the 1st quarter. Zevenbergen Capital Investments LLC now owns 2,169,273 shares of the technology company's stock worth $118,703,000 after purchasing an additional 77,890 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Trade Desk by 8.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company's stock worth $109,450,000 after purchasing an additional 156,703 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insiders Place Their Bets

In other news, insider Jay R. Grant sold 51,290 shares of Trade Desk 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 completion of the sale, the insider directly owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares of the company's stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $51.10 on Thursday. The firm has a fifty day moving average price of $51.50 and a two-hundred day moving average price of $62.53. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company has a market cap of $24.98 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 2.71 and a beta of 1.38.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its quarterly 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 the consensus estimate of $686.00 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm's revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. Equities research analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTD has been the subject of several analyst reports. BMO Capital Markets cut their price objective on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Guggenheim set a $55.00 price objective on shares of Trade Desk and gave the stock a "buy" rating in a report on Monday, September 29th. Citigroup reaffirmed an "outperform" rating on shares of Trade Desk in a report on Tuesday, September 30th. Stifel Nicolaus cut their price objective on shares of Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Hsbc Global Res downgraded shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $84.48.

Trade Desk 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.

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