Price T Rowe Associates Inc. MD Sells 1,839,918 Shares of The Trade Desk $TTD

Price T Rowe Associates Inc. MD lessened its position in The Trade Desk (NASDAQ:TTD - Free Report) by 54.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,535,348 shares of the technology company's stock after selling 1,839,918 shares during the period. Price T Rowe Associates Inc. MD owned 0.31% of Trade Desk worth $84,015,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TTD. Brown Advisory Inc. grew its holdings in Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock worth $443,358,000 after acquiring an additional 5,387,339 shares during the last quarter. Nuveen LLC bought a new stake in Trade Desk in the 1st quarter worth $191,935,000. Vanguard Group Inc. boosted its stake in shares of Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after purchasing an additional 1,567,491 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Trade Desk by 22.6% during the 4th quarter. Nuveen Asset Management LLC now owns 2,844,036 shares of the technology company's stock valued at $334,260,000 after purchasing an additional 523,627 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of Trade Desk by 47.1% during the 1st quarter. Congress Asset Management Co. now owns 1,478,070 shares of the technology company's stock valued at $80,880,000 after purchasing an additional 473,132 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $52.37 on Tuesday. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company's 50-day simple moving average is $72.08 and its 200 day simple moving average is $67.69. The firm has a market capitalization of $25.61 billion, a P/E ratio of 63.10, a PEG ratio of 2.73 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) 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 analysts' expectations of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The firm's quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of Trade Desk from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada cut their target price on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Bank of America reaffirmed an "underperform" rating and set a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Piper Sandler cut their target price on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Finally, Macquarie lifted their target price on shares of Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Twenty-one analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.58.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of Trade Desk 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 of the company's stock, valued at approximately $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.00% of the company's stock.

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.

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