Panagora Asset Management Inc. Increases Stock Holdings in The Trade Desk $TTD

Key Points

• Panagora Asset Management Inc. increased its stake in The Trade Desk by 38.5% during the 1st quarter, acquiring an additional 225,638 shares, bringing their total holdings to 811,235 shares.
• Insider Jay R. Grant sold 51,290 shares of Trade Desk stock, reflecting a 19.03% decrease in their position.
• Wall Street analysts have mixed opinions on Trade Desk, with a consensus rating of "Moderate Buy" and a target price around $88.58.

Panagora Asset Management Inc. increased its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 38.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 811,235 shares of the technology company's stock after acquiring an additional 225,638 shares during the period. Panagora Asset Management Inc. owned approximately 0.16% of Trade Desk worth $44,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock worth $539,000 after purchasing an additional 169 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in shares of Trade Desk by 788.7% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 23,834 shares of the technology company's stock valued at $2,801,000 after purchasing an additional 21,152 shares during the period. Comerica Bank lifted its stake in shares of Trade Desk by 11.1% in the fourth quarter. Comerica Bank now owns 78,205 shares of the technology company's stock valued at $9,191,000 after purchasing an additional 7,806 shares during the period. Bison Wealth LLC boosted its holdings 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 buying an additional 485 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Trade Desk by 90.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 178,209 shares of the technology company's stock worth $20,945,000 after buying an additional 84,767 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citizens Jmp reduced their price target on shares of Trade Desk from $115.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Scotiabank dropped their price objective on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. Bank of America reiterated an "underperform" rating and set a $55.00 target price (down from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Citigroup reissued a "neutral" rating and issued a $65.00 target price (down previously from $90.00) on shares of Trade Desk in a report on Friday, August 8th. Finally, KeyCorp lifted their price target on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $88.58.

Trade Desk Trading Down 0.9%

Shares of NASDAQ:TTD traded down $0.48 on Tuesday, hitting $54.18. The company had a trading volume of 7,776,411 shares, compared to its average volume of 11,215,558. The company has a market cap of $26.49 billion, a PE ratio of 65.28, a PEG ratio of 2.81 and a beta of 1.36. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The business has a 50 day moving average of $70.63 and a 200 day moving average of $65.89.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). The firm had revenue of $694.04 million during 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%. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Insider Buying and Selling at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company'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 owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.00% of the stock is currently owned by corporate insiders.

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.