Public Employees Retirement System of Ohio Sells 51,810 Shares of The Trade Desk $TTD

Key Points

• The Public Employees Retirement System of Ohio has reduced its shares in The Trade Desk by 27.2%, selling 51,810 shares and now holding 138,904 shares worth approximately $10 million.
• Insider activity includes Director Andrea Lee Cunningham and insider Jay R. Grant selling shares, with Cunningham's sale representing a 21.79% decrease in her position and Grant's representing a 19.03% decrease.
• Trade Desk recently missed EPS estimates for the quarter, reporting $0.18 against a consensus of $0.42, despite generating $694.04 million in revenue, which is an 18.7% increase year-over-year.

Public Employees Retirement System of Ohio reduced its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 27.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 138,904 shares of the technology company's stock after selling 51,810 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Trade Desk were worth $10,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC raised its holdings in Trade Desk by 2.6% during the 1st quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock worth $315,000 after purchasing an additional 144 shares during the last quarter. Tradition Wealth Management LLC raised its holdings in Trade Desk by 2.4% during the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock worth $347,000 after purchasing an additional 150 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in Trade Desk by 2.8% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 5,857 shares of the technology company's stock worth $320,000 after purchasing an additional 157 shares during the last quarter. Brighton Jones LLC raised its holdings in 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Trade Desk by 14.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,439 shares of the technology company's stock worth $104,000 after purchasing an additional 180 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Trade Desk Stock Performance

Shares of TTD opened at $47.14 on Friday. The stock has a 50 day simple moving average of $60.43 and a 200 day simple moving average of $63.02. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The firm has a market capitalization of $23.05 billion, a PE ratio of 56.80, a P/E/G ratio of 2.45 and a beta of 1.36.

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

Analyst Ratings Changes

Several brokerages have weighed in on TTD. BMO Capital Markets dropped their price objective on Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a report on Friday, August 8th. JMP Securities restated a "market outperform" rating and set a $100.00 target price on shares of Trade Desk in a research report on Tuesday, June 24th. Hsbc Global Res lowered Trade Desk from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Morgan Stanley lowered Trade Desk from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $80.00 to $50.00 in a research report on Wednesday, September 10th. Finally, Rosenblatt Securities restated a "buy" rating on shares of Trade Desk in a research report on Friday, August 8th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $87.21.

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.

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