Silvant Capital Management LLC Reduces Stake in The Trade Desk $TTD

Key Points

• Silvant Capital Management LLC reduced its stake in The Trade Desk by 11.8%, selling 14,198 shares to hold a total of 106,462 shares valued at approximately $5.83 million.
• The Trade Desk recently reported earnings per share (EPS) of $0.18, missing estimates by $0.24, while revenue was $694.04 million, slightly exceeding expectations.
• Analyst ratings for The Trade Desk vary, with Evercore ISI upgrading it to "outperform" and a consensus target price of $88.58 reflecting a "Moderate Buy" average rating.

Silvant Capital Management LLC decreased its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,462 shares of the technology company's stock after selling 14,198 shares during the quarter. Silvant Capital Management LLC's holdings in Trade Desk were worth $5,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTD. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk during the fourth quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new position in Trade Desk in the fourth quarter worth $47,000. BNP Paribas bought a new stake in shares of Trade Desk in the fourth quarter valued at $50,000. Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk in the first quarter valued at $26,000. Finally, Banque Transatlantique SA bought a new stake in shares of Trade Desk during the 4th quarter valued at $56,000. Institutional investors own 67.77% of the company's stock.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the 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 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 filing with the SEC, which can be accessed through the SEC website. 10.00% of the stock is owned by corporate insiders.

Trade Desk Stock Performance

TTD stock traded up $2.71 during trading on Thursday, hitting $55.36. 12,341,181 shares of the company traded hands, compared to its average volume of 19,157,898. The firm has a market capitalization of $27.07 billion, a PE ratio of 66.70, a P/E/G ratio of 2.70 and a beta of 1.37. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The company has a 50-day moving average of $71.19 and a 200-day moving average of $67.02.

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 company had revenue of $694.04 million for the quarter, compared to analysts' expectations of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group decreased their price objective on Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Macquarie raised their price target on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Monday, May 19th. JMP Securities reaffirmed a "market outperform" rating and issued a $100.00 price target on shares of Trade Desk in a report on Tuesday, June 24th. Rosenblatt Securities reaffirmed a "buy" rating on shares of Trade Desk in a report on Friday, August 8th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $86.00 price target on shares of Trade Desk in a report on Tuesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.58.

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.