Sumitomo Mitsui Trust Group Inc. Purchases 7,150 Shares of The Trade Desk $TTD

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in The Trade Desk by 0.4% during Q2, acquiring an additional 7,150 shares, bringing its total holdings to 2,007,334 shares valued at approximately $144.5 million.
• Insider trading activity showed Jay R. Grant sold 51,290 shares valued at over $4.6 million, representing a 19.03% decrease in his position, while another director sold shares at a lower price.
• The Trade Desk reported $0.18 EPS for the last quarter, missing estimates, but had an 18.7% year-over-year revenue increase of $694.04 million, which surpassed expectations.

Sumitomo Mitsui Trust Group Inc. grew its position in The Trade Desk (NASDAQ:TTD - Free Report) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,007,334 shares of the technology company's stock after buying an additional 7,150 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.41% of Trade Desk worth $144,508,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TTD. Brighton Jones LLC boosted its holdings in shares of 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 buying an additional 169 shares in the last quarter. Bison Wealth LLC boosted its holdings in shares of Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company's stock valued at $291,000 after buying an additional 485 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Trade Desk by 4.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 271,224 shares of the technology company's stock valued at $14,841,000 after buying an additional 12,206 shares in the last quarter. Golden State Equity Partners boosted its holdings in shares of Trade Desk by 4.0% in the 1st quarter. Golden State Equity Partners now owns 8,376 shares of the technology company's stock valued at $458,000 after buying an additional 319 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Trade Desk by 59.3% in the 1st quarter. Bessemer Group Inc. now owns 12,930 shares of the technology company's stock valued at $708,000 after buying an additional 4,811 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the transaction, the director owned 5,035 shares in the company, valued at approximately $242,687. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Trade Desk Price Performance

NASDAQ:TTD opened at $52.00 on Friday. The company has a 50 day moving average price of $50.71 and a 200-day moving average price of $62.61. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The firm has a market cap of $25.43 billion, a price-to-earnings ratio of 62.65, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38.

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 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 analyst estimates of $686.00 million. During the same period last year, the firm earned $0.39 EPS. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. KeyCorp increased their price objective on shares of Trade Desk from $80.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Hsbc Global Res lowered shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. JMP Securities set a $60.00 price objective on shares of Trade Desk and gave the company a "market outperform" rating in a research report on Tuesday, September 30th. Stifel Nicolaus decreased their price objective 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, Zacks Research lowered shares of Trade Desk from a "hold" rating to a "strong sell" rating in a research report on Monday, October 13th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, Trade Desk currently has a consensus rating of "Hold" and an average target price of $84.48.

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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