Oppenheimer Asset Management Inc. Has $1.10 Million Holdings in The Trade Desk $TTD

Key Points

• Oppenheimer Asset Management cut its stake in The Trade Desk by 71.6% in Q4, selling 72,932 shares and retaining 28,925 shares worth about $1.10 million.
• Analyst sentiment is mixed with an average rating of "Hold" and an average target of $41.38, alongside notable downgrades to $25–$32 by some firms and a few upgrades including one "strong-buy".
• Corporate actions include Director Kathryn E. Falberg selling 50,000 shares for roughly $1.52 million and the board authorizing a $350 million share buyback (up to ~2.9% of outstanding shares).

Oppenheimer Asset Management Inc. cut its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 71.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,925 shares of the technology company's stock after selling 72,932 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Trade Desk were worth $1,098,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TTD. Brighton Jones LLC lifted its position in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after acquiring an additional 169 shares during the last quarter. Bison Wealth LLC lifted its position in Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company's stock worth $291,000 after acquiring an additional 485 shares during the last quarter. Woodline Partners LP lifted its position in Trade Desk by 75.5% during the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company's stock worth $289,000 after acquiring an additional 2,269 shares during the last quarter. Cerity Partners LLC lifted its position in Trade Desk by 46.6% during the second quarter. Cerity Partners LLC now owns 59,785 shares of the technology company's stock worth $4,304,000 after acquiring an additional 19,015 shares during the last quarter. Finally, AXA S.A. raised its position in shares of Trade Desk by 14.7% in the second quarter. AXA S.A. now owns 42,819 shares of the technology company's stock valued at $3,083,000 after buying an additional 5,487 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTD has been the subject of a number of analyst reports. Arete Research upgraded shares of Trade Desk from a "sell" rating to a "neutral" rating and set a $25.00 price target for the company in a research report on Monday, March 16th. Scotiabank reiterated a "sector perform" rating and issued a $32.00 price target (down from $60.00) on shares of Trade Desk in a research report on Thursday, February 26th. Rosenblatt Securities reiterated a "neutral" rating and issued a $25.00 price target (down from $36.00) on shares of Trade Desk in a research report on Wednesday, March 18th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Trade Desk in a research report on Friday, April 24th. Finally, Cannonball Research upgraded shares of Trade Desk to a "strong-buy" rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk currently has an average rating of "Hold" and an average target price of $41.38.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the firm's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.41% of the company's stock.

Trade Desk Trading Up 2.1%

NASDAQ TTD opened at $24.61 on Wednesday. The Trade Desk has a 1-year low of $19.74 and a 1-year high of $91.45. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 0.96 and a beta of 1.10. The company has a 50 day moving average of $23.77 and a 200-day moving average of $33.23.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $846.79 million during the quarter, compared to analysts' expectations of $840.56 million. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 earnings per share. On average, equities research analysts forecast that The Trade Desk will post 1.27 earnings per share for the current year.

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

About Trade Desk

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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