Northwestern Mutual Wealth Management Co. Sells 811,227 Shares of The Trade Desk $TTD

Key Points

• Northwestern Mutual Wealth Management cut its Trade Desk stake by 94.7% in the fourth quarter, selling 811,227 shares and leaving it with 45,244 shares worth about $1.63 million.
• Trade Desk’s latest earnings missed expectations: it reported $0.08 EPS versus the $0.32 consensus, though quarterly revenue of $688.86 million still topped estimates and rose 11.8% year over year.
• Analysts remain cautious overall, with the stock carrying a consensus rating of Hold and an average price target of $34.61, while the company also has a $350 million share buyback authorization in place.

Northwestern Mutual Wealth Management Co. lowered its position in The Trade Desk (NASDAQ:TTD - Free Report) by 94.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,244 shares of the technology company's stock after selling 811,227 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Trade Desk were worth $1,634,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Trade Desk during the 3rd quarter valued at $26,000. Elevation Wealth Partners LLC raised its holdings in Trade Desk by 2,382.8% during the fourth quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company's stock worth $27,000 after buying an additional 691 shares during the last quarter. Albion Financial Group UT acquired a new position in Trade Desk during the fourth quarter worth $30,000. CVA Family Office LLC raised its holdings in Trade Desk by 62.1% during the fourth quarter. CVA Family Office LLC now owns 898 shares of the technology company's stock worth $34,000 after buying an additional 344 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in Trade Desk during the fourth quarter worth $35,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TTD shares. Needham & Company LLC lowered their price objective on shares of Trade Desk from $32.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, May 8th. UBS Group set a $31.00 target price on shares of Trade Desk and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Moffett Nathanson reiterated a "neutral" rating and issued a $32.00 target price on shares of Trade Desk in a research note on Thursday, February 26th. Rosenblatt Securities reduced their target price on shares of Trade Desk from $25.00 to $24.00 and set a "neutral" rating for the company in a research note on Friday, May 8th. Finally, Guggenheim reduced their target price on shares of Trade Desk from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $34.61.

Insiders Place Their Bets

In related news, Director Kathryn E. Falberg sold 102,828 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares in the company, valued at approximately $59,255.70. This represents a 98.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.41% of the company's stock.

Trade Desk Stock Performance

TTD opened at $22.29 on Thursday. The firm has a market cap of $10.48 billion, a P/E ratio of 25.33, a PEG ratio of 1.07 and a beta of 1.10. The firm has a 50-day moving average of $22.37 and a 200 day moving average of $29.98. The Trade Desk has a fifty-two week low of $19.74 and a fifty-two week high of $91.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). The company had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. Trade Desk's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. Equities research analysts predict that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk announced that its board has approved a stock buyback plan on Wednesday, February 25th that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Trade Desk Company Profile

The Trade Desk, Inc NASDAQ: TTD is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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