The Trade Desk $TTD Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lessened its stake in The Trade Desk (NASDAQ:TTD - Free Report) by 45.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,453 shares of the technology company's stock after selling 6,175 shares during the period. Kovitz Investment Group Partners LLC's holdings in Trade Desk were worth $408,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Trade Desk by 3,876.8% in the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after acquiring an additional 89,671 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Trade Desk during the 1st quarter worth approximately $995,000. LBP AM SA increased its position in Trade Desk by 116.1% during the 1st quarter. LBP AM SA now owns 64,154 shares of the technology company's stock worth $3,511,000 after purchasing an additional 34,465 shares during the period. Bryce Point Capital LLC increased its position in Trade Desk by 302.9% during the 1st quarter. Bryce Point Capital LLC now owns 16,727 shares of the technology company's stock worth $915,000 after purchasing an additional 12,575 shares during the period. Finally, Peregrine Capital Management LLC increased its position in Trade Desk by 40.2% during the 1st quarter. Peregrine Capital Management LLC now owns 579,877 shares of the technology company's stock worth $31,731,000 after purchasing an additional 166,332 shares during the period. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the 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 of the company's stock, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TTD shares. Oppenheimer boosted their target price on Trade Desk from $80.00 to $110.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. KeyCorp upped their price target on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Scotiabank lowered their price target on Trade Desk from $83.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, August 8th. Guggenheim lowered their price target on Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Morgan Stanley upped their price target on Trade Desk from $60.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

Trade Desk Stock Performance

TTD stock opened at $52.30 on Friday. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The stock's 50 day moving average price is $72.73 and its 200 day moving average price is $69.20. The firm has a market cap of $25.57 billion, a P/E ratio of 63.01, a PEG ratio of 2.70 and a beta of 1.37.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. During the same period in the previous year, the company posted $0.39 EPS. Trade Desk's quarterly 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.

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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