Strs Ohio Takes Position in The Trade Desk $TTD

Strs Ohio bought a new stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 253,500 shares of the technology company's stock, valued at approximately $13,872,000. Strs Ohio owned approximately 0.05% of Trade Desk at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TTD. Intech Investment Management LLC increased its stake in shares of Trade Desk by 5,779.8% in the 1st quarter. Intech Investment Management LLC now owns 241,837 shares of the technology company's stock worth $13,233,000 after acquiring an additional 237,724 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Trade Desk by 3,876.8% during the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock worth $5,033,000 after purchasing an additional 89,671 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Trade Desk during the 1st quarter valued at about $995,000. Geneos Wealth Management Inc. boosted its holdings in Trade Desk by 60.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 56,413 shares of the technology company's stock valued at $3,087,000 after acquiring an additional 21,199 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in Trade Desk by 38.5% during the 1st quarter. Panagora Asset Management Inc. now owns 811,235 shares of the technology company's stock valued at $44,391,000 after acquiring an additional 225,638 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

TTD opened at $45.15 on Friday. The business's fifty day moving average is $66.75 and its two-hundred day moving average is $64.37. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 54.40, a PEG ratio of 2.32 and a beta of 1.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53.

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). The company had revenue of $694.04 million during 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 firm'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. On average, analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction dated 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 transaction, the insider owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares of the company's stock, valued at $242,687. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company's stock.

Wall Street Analyst Weigh In

TTD has been the subject of several recent research reports. Scotiabank decreased their price objective on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, August 8th. Macquarie boosted their target price on Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. HSBC restated a "hold" rating and set a $56.00 target price on shares of Trade Desk in a research note on Monday, August 11th. Moffett Nathanson cut Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 target price for the company. in a research note on Friday, August 8th. Finally, UBS Group decreased their target price on Trade Desk from $105.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of "Hold" and an average price target of $87.67.

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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