Keybank National Association OH Sells 96,923 Shares of The Trade Desk $TTD

Key Points

• KeyBank National Association OH cut its stake in The Trade Desk (TTD) by 73.6%, selling 96,923 shares and leaving 34,848 shares worth about $1.323 million.
• Director Kathryn E. Falberg sold 50,000 shares on March 5 at an average price of $30.48, netting roughly $1.524 million.
• The Trade Desk's board authorized a $350 million share buyback (up to 2.9% of shares), a move that typically signals management views the stock as undervalued.

Keybank National Association OH decreased its position in The Trade Desk (NASDAQ:TTD - Free Report) by 73.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,848 shares of the technology company's stock after selling 96,923 shares during the period. Keybank National Association OH's holdings in Trade Desk were worth $1,323,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TTD. Brighton Jones LLC boosted its stake in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after purchasing an additional 169 shares in the last quarter. Bison Wealth LLC boosted its stake in Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company's stock worth $291,000 after purchasing an additional 485 shares in the last quarter. Woodline Partners LP boosted its stake in Trade Desk by 75.5% in the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company's stock worth $289,000 after purchasing an additional 2,269 shares in the last quarter. Cerity Partners LLC boosted its stake in Trade Desk by 46.6% in the 2nd quarter. Cerity Partners LLC now owns 59,785 shares of the technology company's stock worth $4,304,000 after purchasing an additional 19,015 shares in the last quarter. Finally, AXA S.A. boosted its stake in Trade Desk by 14.7% in the 2nd quarter. AXA S.A. now owns 42,819 shares of the technology company's stock worth $3,083,000 after purchasing an additional 5,487 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TTD. Royal Bank Of Canada restated an "outperform" rating and set a $35.00 target price on shares of Trade Desk in a research note on Tuesday. Arete Research upgraded shares of Trade Desk from a "sell" rating to a "neutral" rating and set a $25.00 target price on the stock in a research note on Monday, March 16th. Weiss Ratings restated a "sell (d+)" rating on shares of Trade Desk in a research note on Friday, April 24th. Loop Capital cut shares of Trade Desk from a "buy" rating to a "hold" rating and lowered their target price for the company from $75.00 to $25.00 in a research note on Thursday, February 26th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $22.00 target price on shares of Trade Desk in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $41.38.

Insider Transactions at Trade Desk

In related news, Director Kathryn E. Falberg sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.41% of the company's stock.

Trade Desk Stock Up 2.7%

Shares of NASDAQ:TTD opened at $24.23 on Friday. The firm's 50 day moving average price is $23.78 and its 200-day moving average price is $33.54. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45. The stock has a market capitalization of $11.53 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The firm had revenue of $846.79 million for the quarter, compared to analysts' expectations of $840.56 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business's quarterly revenue was up 14.3% on a year-over-year basis. Analysts expect that The Trade Desk will post 1.27 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a stock buyback program on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Trade Desk Profile

The Trade Desk, Inc NASDAQ: TTD is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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