RFG Advisory LLC Lowers Stock Holdings in The Trade Desk $TTD

Key Points

• RFG Advisory LLC reduced its holdings in The Trade Desk by 50.3%, now owning 9,903 shares valued at $713,000.
• Notably, several hedge funds have either increased their stakes or initiated new positions in The Trade Desk, indicating growing institutional interest in the stock.
• The Trade Desk's latest earnings report revealed a miss on earnings per share estimates, with a reported EPS of $0.18 compared to the consensus estimate of $0.42.

RFG Advisory LLC trimmed its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 50.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,903 shares of the technology company's stock after selling 10,032 shares during the quarter. RFG Advisory LLC's holdings in Trade Desk were worth $713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new position in Trade Desk during the 1st quarter valued at about $26,000. Sound Income Strategies LLC boosted its holdings in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock valued at $26,000 after acquiring an additional 270 shares during the period. Cloud Capital Management LLC purchased a new position in Trade Desk during the 1st quarter valued at about $27,000. von Borstel & Associates Inc. acquired a new stake in Trade Desk in the 1st quarter valued at about $31,000. Finally, West Oak Capital LLC raised its position in Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company's stock valued at $31,000 after purchasing an additional 350 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TTD has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price target on Trade Desk from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Evercore ISI raised Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price target on the stock in a research report on Friday, June 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $84.00 price target on shares of Trade Desk in a research report on Monday, September 8th. Guggenheim set a $55.00 price target on Trade Desk and gave the company a "buy" rating in a research report on Monday, September 29th. Finally, Oppenheimer increased their price target on Trade Desk from $80.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $84.48.

Trade Desk Stock Performance

Shares of NASDAQ TTD opened at $49.98 on Friday. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm has a market capitalization of $24.44 billion, a PE ratio of 60.22, a price-to-earnings-growth ratio of 2.67 and a beta of 1.38. The stock's 50-day simple moving average is $50.65 and its 200-day simple moving average is $62.45.

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 for the quarter, missing the consensus estimate of $0.42 by ($0.24). The business 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%.Trade Desk's revenue was up 18.7% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the firm'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 transaction, the director owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the firm'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 owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% 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 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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