KLP Kapitalforvaltning AS Purchases 10,000 Shares of The Trade Desk $TTD

Key Points

• KLP Kapitalforvaltning AS has increased its stake in The Trade Desk by 10,000 shares, now holding a total of 163,400 shares valued at approximately $11.76 million.
• The Trade Desk's stock performance showed a 52-week low of $42.96 and a high of $141.53, with the market capitalization currently at $26.45 billion.
• Despite reporting a miss in earnings with EPS of $0.18 against expectations of $0.42, revenue grew by 18.7% year-over-year, reaching $694.04 million.

KLP Kapitalforvaltning AS increased its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,400 shares of the technology company's stock after purchasing an additional 10,000 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Trade Desk were worth $11,763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TTD. Banque Cantonale Vaudoise bought a new position in shares of Trade Desk in the first quarter worth about $26,000. Sound Income Strategies LLC lifted its holdings 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 worth $26,000 after acquiring an additional 270 shares during the last quarter. Cloud Capital Management LLC bought a new position in shares of Trade Desk in the first quarter worth about $27,000. von Borstel & Associates Inc. bought a new position in shares of Trade Desk in the first quarter worth about $31,000. Finally, West Oak Capital LLC lifted its holdings 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 worth $31,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

Trade Desk stock opened at $54.09 on Friday. The stock has a market capitalization of $26.45 billion, a price-to-earnings ratio of 65.17, a PEG ratio of 2.89 and a beta of 1.38. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The stock's 50 day moving average price is $54.46 and its two-hundred day moving average price is $62.73.

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 the consensus estimate of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.Trade Desk's quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Insider Buying and Selling

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director owned 5,035 shares in the company, valued at $242,687. The trade was 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 currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on TTD shares. Wall Street Zen cut shares of Trade Desk from a "hold" rating to a "sell" rating in a report on Monday, September 1st. HSBC reissued a "hold" rating and issued a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Evercore ISI raised Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price objective for the company in a research note on Friday, June 27th. Scotiabank lowered their price objective on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Trade Desk in a research note on Wednesday. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.48.

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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