Summit Financial LLC Increases Stock Position in The Trade Desk $TTD

Key Points

• Summit Financial LLC significantly increased its stake in The Trade Desk by 282.7%, acquiring a total of 11,740 shares valued at approximately $642,000.
• Insider Jay R. Grant sold 51,290 shares of The Trade Desk at an average price of $91.18, representing a 19.03% decrease in ownership.
• The Trade Desk reported $694.04 million in revenue for the last quarter, slightly exceeding estimates, but missed the EPS target, posting $0.18 compared to a consensus of $0.42.

Summit Financial LLC grew its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 282.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,740 shares of the technology company's stock after purchasing an additional 8,672 shares during the quarter. Summit Financial LLC's holdings in Trade Desk were worth $642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Investment Management Corp VA ADV purchased a new position in shares of Trade Desk in the fourth quarter valued at approximately $25,000. Banque Cantonale Vaudoise purchased a new position in shares of Trade Desk in the first quarter valued at approximately $26,000. Cloud Capital Management LLC purchased a new position in shares of Trade Desk in the first quarter valued at approximately $27,000. von Borstel & Associates Inc. purchased a new position in shares of Trade Desk in the first quarter valued at approximately $31,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Trade Desk in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 67.77% of the company's stock.

Trade Desk Stock Performance

TTD stock traded down $0.83 during midday trading on Monday, reaching $52.37. 7,609,318 shares of the company were exchanged, compared to its average volume of 19,232,118. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The stock's 50-day simple moving average is $72.08 and its 200 day simple moving average is $67.69. The company has a market cap of $25.61 billion, a price-to-earnings ratio of 63.10, a price-to-earnings-growth ratio of 2.73 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). The company 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%.The firm's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TTD shares. Royal Bank Of Canada lowered their price objective on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Wells Fargo & Company cut shares of Trade Desk from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $74.00 to $68.00 in a report on Thursday, June 26th. Morgan Stanley raised their target price on shares of Trade Desk from $60.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Macquarie raised their target price on shares of Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, DA Davidson reduced their target price on shares of Trade Desk from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.00% of the company's stock.

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.