Perigon Wealth Management LLC Raises Stock Position in The Trade Desk $TTD

Key Points

• Perigon Wealth Management LLC increased its stake in The Trade Desk by 48.7% during the 2nd quarter, now holding 19,332 shares valued at $1.39 million.
• The Trade Desk reported earnings of $0.18 per share, missing analysts' expectations by $0.24, with revenues of $694.04 million reflecting an 18.7% year-over-year increase.
• Analysts have mixed views on The Trade Desk, with ratings ranging from “buy” to “sell”, and an average target price of $87.21 according to MarketBeat.

Perigon Wealth Management LLC grew its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 48.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,332 shares of the technology company's stock after purchasing an additional 6,329 shares during the quarter. Perigon Wealth Management LLC's holdings in Trade Desk were worth $1,392,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LaFleur & Godfrey LLC acquired a new position in shares of Trade Desk in the 2nd quarter valued at $5,029,000. Congress Park Capital LLC lifted its holdings in Trade Desk by 13.2% in the 2nd quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company's stock worth $3,872,000 after buying an additional 6,257 shares in the last quarter. Swedbank AB lifted its holdings in Trade Desk by 32.2% in the 2nd quarter. Swedbank AB now owns 552,260 shares of the technology company's stock worth $39,757,000 after buying an additional 134,620 shares in the last quarter. First Bank & Trust increased its position in shares of Trade Desk by 137.6% in the 2nd quarter. First Bank & Trust now owns 23,166 shares of the technology company's stock worth $1,668,000 after purchasing an additional 13,418 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Trade Desk in the 2nd quarter worth about $845,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 8th. JMP Securities reiterated a "market outperform" rating and issued a $100.00 price objective on shares of Trade Desk in a report on Tuesday, June 24th. Jefferies Financial Group cut Trade Desk from a "buy" rating to a "hold" rating and dropped their target price for the stock from $100.00 to $50.00 in a report on Monday, August 11th. HSBC reissued a "hold" rating and set a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Finally, Moffett Nathanson downgraded Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price objective on the stock. in a research note on Friday, August 8th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $87.21.

Trade Desk Stock Performance

Shares of NASDAQ:TTD opened at $47.14 on Friday. The company has a market capitalization of $23.05 billion, a PE ratio of 56.80, a price-to-earnings-growth ratio of 2.45 and a beta of 1.36. The stock has a fifty day moving average of $60.43 and a 200-day moving average of $63.02. The Trade Desk has a one year low of $42.96 and a one year high of $141.53.

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 (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 company had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same period last year, the firm earned $0.39 earnings per share. 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, research analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Activity

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares in the company, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Company insiders own 10.00% of the company's stock.

Trade Desk Company 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.

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