10,000 Shares in The Trade Desk $TTD Acquired by Palogic Value Management L.P.

Key Points

• Palogic Value Management L.P. invested approximately $547,000 in The Trade Desk by purchasing 10,000 shares during the first quarter.
• Institutional investors and hedge funds now collectively own 67.77% of The Trade Desk's stock, indicating strong institutional interest.
• The Trade Desk reported $0.18 EPS for the most recent quarter, missing expectations significantly, although revenue was up 18.7% year-over-year at $694.04 million.

Palogic Value Management L.P. bought a new position in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 10,000 shares of the technology company's stock, valued at approximately $547,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new stake in Trade Desk during the 4th quarter valued at about $25,000. Banque Cantonale Vaudoise purchased a new stake in Trade Desk during the 1st quarter valued at about $26,000. Cloud Capital Management LLC purchased a new stake in Trade Desk during the 1st quarter valued at about $27,000. von Borstel & Associates Inc. purchased a new stake in Trade Desk during the 1st quarter valued at about $31,000. Finally, Alpine Bank Wealth Management purchased a new stake in Trade Desk during the 1st quarter valued at about $35,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

TTD has been the topic of several research analyst reports. Bank of America reiterated an "underperform" rating and set a $55.00 price target (down previously from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Jefferies Financial Group downgraded Trade Desk from a "buy" rating to a "hold" rating and dropped their price target for the company from $100.00 to $50.00 in a research note on Monday, August 11th. 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. DA Davidson decreased their price objective on Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Oppenheimer boosted their price objective on Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.58.

Trade Desk Stock Down 1.3%

Trade Desk stock traded down $0.70 during midday trading on Friday, reaching $54.66. The company's stock had a trading volume of 8,728,516 shares, compared to its average volume of 19,335,666. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The company has a market cap of $26.73 billion, a P/E ratio of 65.86, a P/E/G ratio of 2.81 and a beta of 1.36. The business has a 50-day simple moving average of $70.91 and a 200-day simple moving average of $66.07.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted 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 firm had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same quarter last year, the firm posted $0.39 EPS. The firm'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, equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current 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.