Janney Montgomery Scott LLC Acquires 15,095 Shares of The Trade Desk $TTD

Janney Montgomery Scott LLC grew its position in The Trade Desk (NASDAQ:TTD - Free Report) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,971 shares of the technology company's stock after acquiring an additional 15,095 shares during the quarter. Janney Montgomery Scott LLC's holdings in Trade Desk were worth $7,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Trade Desk in the first quarter valued at $26,000. Sound Income Strategies LLC raised its stake in shares of Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock valued at $26,000 after acquiring an additional 270 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Trade Desk in the first quarter valued at $27,000. von Borstel & Associates Inc. purchased a new stake in shares of Trade Desk in the first quarter valued at $31,000. Finally, West Oak Capital LLC raised its stake in shares of Trade Desk by 466.7% in the second quarter. West Oak Capital LLC now owns 425 shares of the technology company's stock valued at $31,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTD. Guggenheim set a $55.00 target price on shares of Trade Desk and gave the company a "buy" rating in a research note on Monday, September 29th. Piper Sandler reduced their price target on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Oppenheimer raised their price target on shares of Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Morgan Stanley downgraded shares of Trade Desk from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $80.00 to $50.00 in a research note on Wednesday, September 10th. Finally, Moffett Nathanson downgraded shares of 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. Twenty-one 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.94.

Trade Desk Stock Performance

NASDAQ:TTD opened at $51.55 on Monday. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The stock has a market capitalization of $25.20 billion, a P/E ratio of 62.11, a P/E/G ratio of 2.76 and a beta of 1.38. The company's 50-day simple moving average is $57.09 and its 200-day simple moving average is $62.91.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly 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 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 quarter in the prior year, the business posted $0.39 earnings per share. The firm's quarterly revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction that occurred 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 completion of the sale, the insider directly owned 218,246 shares in the company, valued at $19,899,670.28. This trade represents a 19.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction that occurred 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 completion of the sale, the director owned 5,035 shares of the company's stock, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

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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