Logan Capital Management Inc. Cuts Stake in The Trade Desk $TTD

Key Points

• Logan Capital Management Inc. reduced its stake in The Trade Desk by 3.5%, selling 9,259 shares and now owning approximately 252,655 shares worth $13.83 million.
• A variety of large investors have modified their positions, with Meiji Yasuda Life Insurance Co. increasing its holdings by 2.8% during the same period.
• The Trade Desk reported quarterly earnings of $0.18 per share, missing expectations, while revenue reached $694.04 million, exceeding analyst forecasts of $686 million.

Logan Capital Management Inc. cut its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 252,655 shares of the technology company's stock after selling 9,259 shares during the quarter. Logan Capital Management Inc. owned about 0.05% of Trade Desk worth $13,825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Securities LLC grew its stake in shares of Trade Desk by 2.6% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock valued at $315,000 after purchasing an additional 144 shares during the period. Tradition Wealth Management LLC grew its stake in shares of Trade Desk by 2.4% during the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock valued at $347,000 after acquiring an additional 150 shares during the period. Meiji Yasuda Life Insurance Co grew its stake in shares of Trade Desk by 2.8% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 5,857 shares of the technology company's stock valued at $320,000 after acquiring an additional 157 shares during the period. Brighton Jones LLC grew its stake in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after acquiring an additional 169 shares during the period. Finally, Peterson Wealth Services grew its stake in shares of Trade Desk by 2.2% during the 1st quarter. Peterson Wealth Services now owns 8,992 shares of the technology company's stock valued at $492,000 after acquiring an additional 190 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TTD shares. Macquarie boosted their price objective on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Piper Sandler cut their price objective on Trade Desk from $65.00 to $64.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. BMO Capital Markets cut their price objective on Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Jefferies Financial Group downgraded Trade Desk from a "buy" rating to a "hold" rating and cut their price objective for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Finally, 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 research note on Friday, June 27th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $87.67.

Trade Desk Stock Performance

TTD stock traded down $0.07 during midday trading on Friday, reaching $45.17. The company's stock had a trading volume of 17,025,604 shares, compared to its average volume of 11,496,232. The stock has a fifty day simple moving average of $67.34 and a two-hundred day simple moving average of $64.63. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 54.42, a PEG ratio of 2.37 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. During the same quarter in the previous year, the business earned $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, analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.00% of the stock is currently owned by insiders.

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.