Quantitative Investment Management LLC Acquires Shares of 88,038 The Trade Desk $TTD

Key Points

• Quantitative Investment Management LLC purchased 88,038 shares of The Trade Desk, valued at approximately $4.8 million, indicating strong institutional interest in the company.
• Insider Jay R. Grant sold 51,290 shares for over $4.6 million, representing a significant reduction of 19.03% in his ownership stake.
• The Trade Desk's shares are currently trading at $53.20, with an average price target of $88.58 from analysts, suggesting room for potential growth.

Quantitative Investment Management LLC purchased a new stake in The Trade Desk (NASDAQ:TTD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 88,038 shares of the technology company's stock, valued at approximately $4,817,000.

A number of other hedge funds have also recently bought and sold shares of TTD. Brighton Jones LLC boosted its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after purchasing an additional 169 shares during the period. MGO One Seven LLC boosted its holdings in Trade Desk by 5.0% in the 4th quarter. MGO One Seven LLC now owns 10,804 shares of the technology company's stock valued at $1,270,000 after purchasing an additional 511 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Trade Desk by 12.9% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 45,617 shares of the technology company's stock valued at $5,394,000 after purchasing an additional 5,203 shares during the period. Kovitz Investment Group Partners LLC boosted its holdings in Trade Desk by 17.5% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 13,628 shares of the technology company's stock valued at $1,602,000 after purchasing an additional 2,026 shares during the period. Finally, Nebula Research & Development LLC bought a new stake in Trade Desk in the 4th quarter valued at $779,000. 67.77% of the stock is owned by institutional investors.

Trade Desk Trading Down 1.6%

Shares of Trade Desk stock traded down $0.83 during mid-day trading on Monday, reaching $52.37. 7,609,318 shares of the stock were exchanged, compared to its average volume of 19,232,118. The company has a market cap of $25.61 billion, a price-to-earnings ratio of 63.10, a price-to-earnings-growth ratio of 2.73 and a beta of 1.37. The firm has a 50-day simple moving average of $72.08 and a 200 day simple moving average of $67.69. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week 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). The firm had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The company's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, research analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TTD shares. Wedbush reissued an "outperform" rating and issued a $86.00 price target on shares of Trade Desk in a report on Tuesday, July 15th. HSBC restated a "hold" rating and issued a $56.00 price objective on shares of Trade Desk in a research note on Monday, August 11th. Rosenblatt Securities restated a "buy" rating on shares of Trade Desk in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Trade Desk from a "sell" rating to a "hold" rating in a research note on Sunday. Finally, Arete Research upgraded shares of Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of "Moderate Buy" and a consensus price target of $88.58.

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 sale, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 10.00% of the stock is owned by company insiders.

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.