Needham Investment Management LLC Acquires 10,000 Shares of The Trade Desk $TTD

Key Points

• Needham Investment Management LLC increased its stake in The Trade Desk (TTD) by 15.9%, now holding approximately 73,000 shares worth nearly $4 million.
• Insider Jay R. Grant sold 51,290 shares of The Trade Desk at an average price of $91.18, representing a substantial 19.03% decrease in their holdings.
• The Trade Desk reported a Q2 earnings miss with earnings per share of $0.18, which fell short of the consensus estimate of $0.42, despite increasing revenue by 18.7% year-over-year.

Needham Investment Management LLC raised its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 15.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,000 shares of the technology company's stock after purchasing an additional 10,000 shares during the period. Needham Investment Management LLC's holdings in Trade Desk were worth $3,995,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in Trade Desk during the 4th quarter worth $25,000. Park Square Financial Group LLC acquired a new position in Trade Desk during the 4th quarter worth $47,000. Banque Cantonale Vaudoise acquired a new position in Trade Desk during the 1st quarter worth $26,000. Fourth Dimension Wealth LLC acquired a new position in Trade Desk during the 4th quarter worth $56,000. Finally, Cloud Capital Management LLC bought a new position in shares of Trade Desk in the 1st quarter worth about $27,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TTD shares. BMO Capital Markets reduced their price target on shares of Trade Desk from $115.00 to $98.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. KeyCorp raised their price target 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. Stifel Nicolaus reduced their price target on shares of Trade Desk from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. UBS Group cut their price objective on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Finally, Bank of America reiterated an "underperform" rating and issued a $55.00 price objective (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Trade Desk has a consensus rating of "Moderate Buy" and an average price target of $88.58.

Insider Buying and Selling

In related news, insider Jay R. Grant sold 51,290 shares of the business'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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.00% of the company's stock.

Trade Desk Trading Up 0.3%

Shares of NASDAQ TTD traded up $0.15 during midday trading on Friday, reaching $52.07. The company's stock had a trading volume of 11,322,359 shares, compared to its average volume of 13,579,226. The company has a 50 day moving average price of $69.29 and a 200 day moving average price of $65.19. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company has a market cap of $25.46 billion, a price-to-earnings ratio of 62.74, a price-to-earnings-growth ratio of 2.67 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 EPS 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 the consensus estimate of $686.00 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. Research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

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.