The Trade Desk $TTD Shares Sold by Teamwork Financial Advisors LLC

Key Points

• Teamwork Financial Advisors LLC has reduced its stake in The Trade Desk by 25.0%, now owning 17,451 shares worth $1,256,000.
• In the first quarter, several institutional investors significantly increased their stakes, with Intech Investment Management LLC boosting its ownership by 5,779.8% to 241,837 shares.
• Trade Desk's stock performance was below expectations, missing earnings estimates with a report of $0.18 earnings per share, contrasted with a consensus estimate of $0.42.

Teamwork Financial Advisors LLC lowered its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 25.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,451 shares of the technology company's stock after selling 5,812 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Trade Desk were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC boosted its stake in Trade Desk by 5,779.8% during the 1st quarter. Intech Investment Management LLC now owns 241,837 shares of the technology company's stock valued at $13,233,000 after acquiring an additional 237,724 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Trade Desk by 3,876.8% during the first quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock worth $5,033,000 after purchasing an additional 89,671 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Trade Desk during the first quarter worth about $995,000. Geneos Wealth Management Inc. grew its stake in Trade Desk by 60.2% in the first quarter. Geneos Wealth Management Inc. now owns 56,413 shares of the technology company's stock worth $3,087,000 after purchasing an additional 21,199 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Trade Desk by 38.5% in the first quarter. Panagora Asset Management Inc. now owns 811,235 shares of the technology company's stock valued at $44,391,000 after buying an additional 225,638 shares during the last quarter. Institutional investors own 67.77% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Oppenheimer lifted 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. Evercore ISI upgraded Trade Desk from an "in-line" rating to an "outperform" rating and set a $90.00 price objective on the stock in a research note on Friday, June 27th. Jefferies Financial Group lowered shares of Trade Desk from a "buy" rating to a "hold" rating and lowered their target price for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Piper Sandler reduced their price target on shares of Trade Desk from $65.00 to $64.00 and set a "neutral" rating on the stock in a research report on Friday, August 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $100.00 price target on shares of Trade Desk in a report on Tuesday, June 24th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Trade Desk has an average rating of "Hold" and a consensus target price of $87.67.

Insider Activity at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 5,035 shares of the company's stock, valued at $242,687. This represents a 21.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $4,676,622.20. Following the completion of the sale, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company's stock.

Trade Desk Stock Performance

Trade Desk stock opened at $45.15 on Friday. The company has a 50-day simple moving average of $66.75 and a 200-day simple moving average of $64.37. The firm has a market capitalization of $22.08 billion, a P/E ratio of 54.40, a P/E/G ratio of 2.32 and a beta of 1.36. The Trade Desk has a one year low of $42.96 and a one year high of $141.53.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. 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. As a group, sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk 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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