Palogic Value Management L.P. Purchases New Stake in The Trade Desk $TTD

Key Points

• Palogic Value Management L.P. has acquired a new stake in The Trade Desk by purchasing 10,000 shares valued at approximately $547,000.
• Trade Desk's stock received mixed ratings from analysts, with several reducing their price targets; Scotiabank lowered it from $83.00 to $60.00.
• Insider Jay R. Grant sold 51,290 shares at an average price of $91.18, representing a significant decrease in ownership.

Palogic Value Management L.P. purchased a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the technology company's stock, valued at approximately $547,000.

Several other institutional investors and hedge funds have also made changes to their positions in TTD. Investment Management Corp VA ADV acquired a new stake in shares of Trade Desk during the 4th quarter valued at approximately $25,000. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk during the 1st quarter valued at approximately $26,000. Cloud Capital Management LLC acquired a new stake in shares of Trade Desk during the 1st quarter valued at approximately $27,000. von Borstel & Associates Inc. acquired a new stake in shares of Trade Desk during the 1st quarter valued at approximately $31,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Trade Desk during the 1st quarter valued at approximately $35,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Scotiabank dropped their price target on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a research report on Friday, August 8th. Wells Fargo & Company lowered Trade Desk from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $74.00 to $68.00 in a research report on Thursday, June 26th. Royal Bank Of Canada dropped their target price on Trade Desk from $100.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Wedbush reaffirmed an "outperform" rating and issued a $86.00 target price on shares of Trade Desk in a research report on Tuesday, July 15th. Finally, HSBC reaffirmed a "hold" rating and issued a $56.00 target price on shares of Trade Desk in a research report on Monday, August 11th. Twenty-one analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction on 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 transaction, the insider directly owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.00% of the company's stock.

Trade Desk Stock Performance

Shares of TTD opened at $52.03 on Tuesday. The firm has a market capitalization of $25.44 billion, a price-to-earnings ratio of 62.69, a price-to-earnings-growth ratio of 2.67 and a beta of 1.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The stock's fifty day moving average is $68.89 and its 200-day moving average is $65.05.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly 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). The business had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. Trade Desk's revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk 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.

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.