Stony Point Capital LLC Buys 283,105 Shares of The Trade Desk $TTD

Key Points

• Stony Point Capital LLC significantly increased its stake in The Trade Desk by 157.0%, acquiring an additional 283,105 shares for a total of 463,411 shares, valued at approximately $25.36 million.
• Analyst ratings for The Trade Desk are generally positive, with 21 firms giving it a "buy" rating and a target price averaging around $88.58, despite some reductions in individual target prices.
• Trade Desk reported a miss on earnings for the quarter, with $0.18 EPS compared to expectations of $0.42, although its revenue increased by 18.7% year-over-year to $694.04 million.

Stony Point Capital LLC increased its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 157.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 463,411 shares of the technology company's stock after purchasing an additional 283,105 shares during the period. Trade Desk accounts for 2.6% of Stony Point Capital LLC's holdings, making the stock its 18th biggest holding. Stony Point Capital LLC owned about 0.09% of Trade Desk worth $25,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vident Advisory LLC boosted its stake in shares of Trade Desk by 27.6% during the first quarter. Vident Advisory LLC now owns 24,029 shares of the technology company's stock valued at $1,315,000 after purchasing an additional 5,201 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Trade Desk by 4,918.0% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 3,061 shares of the technology company's stock valued at $167,000 after purchasing an additional 3,000 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Trade Desk by 33.7% during the first quarter. Canada Pension Plan Investment Board now owns 388,242 shares of the technology company's stock valued at $21,245,000 after purchasing an additional 97,824 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Trade Desk during the first quarter valued at approximately $44,000. Finally, Parnassus Investments LLC lifted its position in Trade Desk by 73.4% during the first quarter. Parnassus Investments LLC now owns 1,496,796 shares of the technology company's stock valued at $81,905,000 after acquiring an additional 633,782 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and set a $84.00 target price on shares of Trade Desk in a research report on Monday, August 11th. DA Davidson decreased their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Bank of America reissued an "underperform" rating and set a $55.00 target price (down previously from $130.00) on shares of Trade Desk in a research report on Friday, August 8th. Stifel Nicolaus decreased their target price on shares of Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, Rosenblatt Securities reissued a "buy" rating on shares of Trade Desk in a research report on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Trade Desk currently has an average rating of "Moderate Buy" and an average target price of $88.58.

Insider Buying and Selling

In other 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 sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.00% of the company's stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $55.36 on Friday. The firm has a fifty day moving average price of $71.19 and a 200 day moving average price of $67.02. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The stock has a market cap of $27.07 billion, a PE ratio of 66.70, a price-to-earnings-growth ratio of 2.70 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). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business had revenue of $694.04 million for the quarter, compared to analysts' expectations of $686.00 million. During the same period last year, the business earned $0.39 EPS. The company's revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that The Trade Desk will post 1.06 EPS for the current year.

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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