The Trade Desk $TTD Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 36.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,316 shares of the technology company's stock after buying an additional 159,460 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.12% of Trade Desk worth $43,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. LaFleur & Godfrey LLC acquired a new stake in shares of Trade Desk during the second quarter worth approximately $5,029,000. Congress Park Capital LLC lifted its stake in Trade Desk by 13.2% during the second quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company's stock worth $3,872,000 after purchasing an additional 6,257 shares during the last quarter. Swedbank AB lifted its stake in Trade Desk by 32.2% during the second quarter. Swedbank AB now owns 552,260 shares of the technology company's stock worth $39,757,000 after purchasing an additional 134,620 shares during the last quarter. First Bank & Trust lifted its stake in Trade Desk by 137.6% during the second quarter. First Bank & Trust now owns 23,166 shares of the technology company's stock worth $1,668,000 after purchasing an additional 13,418 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in Trade Desk during the second quarter worth $845,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Wall Street Analyst Weigh In

TTD has been the topic of several research analyst reports. Arete Research upgraded Trade Desk to a "strong sell" rating in a research note on Monday, July 28th. Piper Sandler reduced their price objective on Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. JMP Securities set a $60.00 target price on Trade Desk and gave the company a "market outperform" rating in a research note on Tuesday, September 30th. Bank of America reiterated an "underperform" rating and issued a $55.00 target price (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Finally, Wall Street Zen cut Trade Desk from a "hold" rating to a "sell" rating in a research note on Monday, September 1st. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.48.

Trade Desk Trading Down 1.1%

Shares of TTD opened at $50.73 on Wednesday. The business's 50-day moving average price is $52.27 and its 200 day moving average price is $62.61. The stock has a market capitalization of $24.80 billion, a P/E ratio of 61.12, a P/E/G ratio of 2.74 and a beta of 1.38. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

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

Insider Transactions at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated 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 completion of the sale, the insider directly owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk 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 sale, the director owned 5,035 shares of the company's stock, valued at approximately $242,687. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.00% of the company's stock.

Trade Desk Company 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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