Kornitzer Capital Management Inc. KS Sells 4,905 Shares of The Trade Desk $TTD

Key Points

• Kornitzer Capital Management Inc. reduced its stake in The Trade Desk by 8.6%, selling 4,905 shares to hold a total of 52,074 shares worth approximately $3.75 million at the latest reporting period.
• The Trade Desk's stock is currently trading down 3.9%, with a 12 month low of $42.96 and a high of $141.53; its market cap stands at **$25.42 billion**.
• In its recent earnings report, The Trade Desk missed EPS estimates, reporting $0.18 compared to the expected $0.42, despite revenue increasing by 18.7% year-over-year.

Kornitzer Capital Management Inc. KS decreased its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 8.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,074 shares of the technology company's stock after selling 4,905 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in Trade Desk were worth $3,749,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TTD. Banque Cantonale Vaudoise bought a new position in shares of Trade Desk during the first quarter valued at approximately $26,000. Sound Income Strategies LLC boosted 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 valued at $26,000 after purchasing 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 approximately $27,000. von Borstel & Associates Inc. purchased a new stake in shares of Trade Desk in the first quarter valued at approximately $31,000. Finally, West Oak Capital LLC boosted 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 valued at $31,000 after purchasing an additional 350 shares during the period. Institutional investors own 67.77% of the company's stock.

Trade Desk Trading Down 3.9%

Shares of TTD opened at $52.00 on Friday. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The stock has a fifty day moving average price of $50.71 and a 200-day moving average price of $62.73. The firm has a market cap of $25.42 billion, a PE ratio of 62.65, a P/E/G ratio of 2.78 and a beta of 1.38.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $694.04 million for the quarter, compared to analysts' expectations of $686.00 million. During the same quarter in the prior year, the company posted $0.39 EPS. The business'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. As a group, research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Insider Buying and Selling at Trade Desk

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

Analysts Set New Price Targets

TTD has been the subject of a number of analyst reports. Wedbush restated an "outperform" rating and set a $86.00 target price on shares of Trade Desk in a report on Tuesday, July 15th. Hsbc Global Res lowered Trade Desk from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Weiss Ratings restated a "hold (c)" rating on shares of Trade Desk in a report on Friday. JMP Securities set a $60.00 target price on Trade Desk and gave the stock a "market outperform" rating in a report on Tuesday, September 30th. Finally, Wall Street Zen lowered Trade Desk from a "hold" rating to a "sell" rating in a report on Monday, September 1st. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $84.48.

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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