T. Rowe Price Investment Management Inc. Has $542.24 Million Position in The Trade Desk $TTD

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in The Trade Desk by 28.3%, now holding 9,909,387 shares valued at approximately $542.24 million.
• The Trade Desk reported a missed EPS estimate of $0.18, falling short of the consensus of $0.42, although its revenue grew by 18.7% year-over-year.
• Equity analysts have mixed ratings for Trade Desk, with a consensus rating of "Moderate Buy" and an average target price of $88.58.

T. Rowe Price Investment Management Inc. cut its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 28.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,909,387 shares of the technology company's stock after selling 3,902,477 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.00% of Trade Desk worth $542,242,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new stake in Trade Desk during the fourth quarter worth about $25,000. Park Square Financial Group LLC acquired a new stake in Trade Desk during the fourth quarter worth about $47,000. BNP Paribas acquired a new stake in Trade Desk during the fourth quarter worth about $50,000. Banque Cantonale Vaudoise acquired a new stake in Trade Desk during the first quarter worth about $26,000. Finally, Banque Transatlantique SA acquired a new stake in Trade Desk during the fourth quarter worth about $56,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Price Performance

TTD stock opened at $52.53 on Wednesday. The company has a 50 day moving average price of $73.50 and a 200 day moving average price of $69.77. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The stock has a market capitalization of $25.68 billion, a PE ratio of 63.29, a price-to-earnings-growth ratio of 2.82 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 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). The business had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business's revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jay R. Grant sold 51,290 shares of the company's stock in a transaction on 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 completion of the transaction, the insider directly owned 218,246 shares of the company's stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TTD shares. Citizens Jmp decreased their target price on Trade Desk from $115.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Evercore ISI raised Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 target price on the stock in a research report on Friday, June 27th. Macquarie lifted their price objective on Trade Desk from $90.00 to $92.00 and gave the company an "outperform" rating in a report on Monday, May 19th. BTIG Research downgraded Trade Desk from a "buy" rating to a "neutral" rating in a report on Friday, August 8th. Finally, HSBC reaffirmed a "hold" rating and set a $56.00 price objective on shares of Trade Desk in a report on Monday, August 11th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Trade Desk has a consensus 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.

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