LaFleur & Godfrey LLC Purchases Shares of 69,860 The Trade Desk $TTD

Key Points

• LaFleur & Godfrey LLC acquired 69,860 shares of The Trade Desk, valued at approximately $5,029,000, during the 2nd quarter of the year.
• Several hedge funds increased their stakes in The Trade Desk, with Vanguard Group Inc. raising its holdings by 3.7% and Brown Advisory Inc. boosting theirs by 198.4% in the first quarter.
• Despite a low EPS of $0.18 reported in its latest quarterly earnings, The Trade Desk's revenue grew 18.7% year-over-year, with a market cap of $21.74 billion.

LaFleur & Godfrey LLC purchased a new stake in The Trade Desk (NASDAQ:TTD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,860 shares of the technology company's stock, valued at approximately $5,029,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Trade Desk by 3.7% in the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after purchasing an additional 1,567,491 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Trade Desk by 198.4% in the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after purchasing an additional 5,387,339 shares during the last quarter. Nuveen LLC acquired a new position in shares of Trade Desk in the first quarter worth about $191,935,000. Zevenbergen Capital Investments LLC raised its position in shares of Trade Desk by 3.7% in the first quarter. Zevenbergen Capital Investments LLC now owns 2,169,273 shares of the technology company's stock worth $118,703,000 after acquiring an additional 77,890 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Trade Desk by 8.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company's stock worth $109,450,000 after acquiring an additional 156,703 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TTD shares. KeyCorp upped their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Rosenblatt Securities reiterated a "buy" rating on shares of Trade Desk in a research report on Friday, August 8th. JMP Securities reiterated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Tuesday, June 24th. Evercore ISI upgraded shares of Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price objective for the company in a research report on Friday, June 27th. Finally, BTIG Research downgraded shares of Trade Desk from a "buy" rating to a "neutral" rating in a research report on Friday, August 8th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $87.21.

Trade Desk Trading Up 1.2%

TTD stock opened at $44.47 on Monday. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 53.58, a PEG ratio of 2.32 and a beta of 1.36. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The firm has a 50-day moving average of $63.73 and a two-hundred day moving average of $63.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced 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 firm had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The firm'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. As a group, equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Insider Buying and Selling

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

Trade Desk 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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