Lansforsakringar Fondforvaltning AB publ Sells 7,942 Shares of The Trade Desk $TTD

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in The Trade Desk by 5.4%, owning 138,199 shares valued at approximately $7.56 million after selling nearly 8,000 shares in the 1st quarter.
• Wall Street analysts have mixed opinions on Trade Desk, with a consensus rating of "Moderate Buy," and target prices ranging from $64.00 to $110.00, reflecting various adjustments in recent reports.
• Insider Jay R. Grant sold over 51,000 shares at roughly $91.18, resulting in a 19.03% decrease in his position, raising concerns about insider confidence.

Lansforsakringar Fondforvaltning AB publ lowered its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 138,199 shares of the technology company's stock after selling 7,942 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Trade Desk were worth $7,562,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new position in shares of Trade Desk during the 4th quarter valued at approximately $25,000. Banque Cantonale Vaudoise purchased a new position in Trade Desk during the 1st quarter valued at $26,000. Cloud Capital Management LLC purchased a new position in Trade Desk during the 1st quarter valued at $27,000. von Borstel & Associates Inc. purchased a new position in Trade Desk during the 1st quarter valued at $31,000. Finally, Alpine Bank Wealth Management purchased a new position in Trade Desk during the 1st quarter valued at $35,000. Institutional investors own 67.77% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TTD shares. Guggenheim dropped their price objective on Trade Desk from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, May 9th. Evercore ISI upgraded Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price objective for the company in a report on Friday, June 27th. Scotiabank dropped their price objective on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, August 8th. Moffett Nathanson cut Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price objective for the company. in a report on Friday, August 8th. Finally, KeyCorp boosted their price objective on Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Trade Desk Price Performance

Shares of TTD stock traded down $0.70 during mid-day trading on Friday, hitting $54.66. The stock had a trading volume of 8,728,516 shares, compared to its average volume of 19,335,666. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The firm has a market capitalization of $26.73 billion, a P/E ratio of 65.86, a price-to-earnings-growth ratio of 2.81 and a beta of 1.36. The firm's 50-day moving average is $70.91 and its two-hundred day moving average is $66.07.

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 the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the business'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 completion of the transaction, the insider directly owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.