Kayne Anderson Rudnick Investment Management LLC Has $66.87 Million Holdings in The Trade Desk $TTD

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its holdings in The Trade Desk by 5.5% in the 1st quarter, owning approximately $66.87 million worth of shares.
• Research analysts have mixed views on Trade Desk stock, with Bank of America downgrading its rating from "underperform" and lowering the price target considerably to $55.00.
• Trade Desk missed earnings projections for the last quarter, reporting $0.18 earnings per share against expectations of $0.42, despite achieving a revenue increase of 18.7% year-over-year.

Kayne Anderson Rudnick Investment Management LLC cut its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 5.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,221,951 shares of the technology company's stock after selling 70,777 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 0.25% of Trade Desk worth $66,865,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new position in shares of Trade Desk during the fourth quarter worth approximately $25,000. Park Square Financial Group LLC bought a new position in shares of Trade Desk during the fourth quarter worth approximately $47,000. BNP Paribas bought a new position in shares of Trade Desk during the fourth quarter worth approximately $50,000. Banque Cantonale Vaudoise bought a new position in shares of Trade Desk during the first quarter worth approximately $26,000. Finally, Banque Transatlantique SA bought a new position in shares of Trade Desk during the fourth quarter worth approximately $56,000. 67.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America reissued an "underperform" rating and issued a $55.00 price objective (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Hsbc Global Res cut shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Wells Fargo & Company cut shares of Trade Desk from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $74.00 to $68.00 in a research note on Thursday, June 26th. Truist Financial lifted their price objective on shares of Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Evercore ISI raised shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price objective on the stock in a research note on Friday, June 27th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $53.20 on Monday. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm has a market capitalization of $26.01 billion, a P/E ratio of 64.10, a P/E/G ratio of 2.73 and a beta of 1.37. The company's 50 day moving average price is $72.44 and its two-hundred day moving average price is $68.15.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued 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). The company had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Activity at Trade Desk

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 transaction, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.00% of the company's stock.

Trade Desk Company 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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