The Trade Desk $TTD Stake Lifted by Cwm LLC

Key Points

• Cwm LLC boosted its stake in The Trade Desk by 332.7%, acquiring an additional 62,537 shares to hold 81,332 shares worth about $3.09 million at quarter-end.
• Director Kathryn E. Falberg sold 102,828 shares for roughly $3.13 million on March 5, reducing her holding by 98.14%; insiders now own about 10% of the company.
• The board approved a $350 million share buyback (up to 2.9% of outstanding shares), and the company reported quarterly revenue of $846.79 million (up 14.3%) with EPS of $0.59, in line with estimates.

Cwm LLC lifted its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 332.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,332 shares of the technology company's stock after acquiring an additional 62,537 shares during the quarter. Cwm LLC's holdings in Trade Desk were worth $3,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company's stock valued at $26,000 after purchasing an additional 334 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Trade Desk in the 3rd quarter worth $26,000. First Horizon Corp bought a new stake in shares of Trade Desk in the 3rd quarter worth $29,000. Quent Capital LLC acquired a new stake in shares of Trade Desk in the third quarter valued at $32,000. Finally, HighMark Wealth Management LLC grew its holdings in Trade Desk by 49.2% during the third quarter. HighMark Wealth Management LLC now owns 713 shares of the technology company's stock worth $35,000 after acquiring an additional 235 shares during the period. Institutional investors own 67.77% of the company's stock.

Analysts Set New Price Targets

TTD has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a "neutral" rating and issued a $25.00 price target (down from $36.00) on shares of Trade Desk in a report on Wednesday, March 18th. Weiss Ratings downgraded shares of Trade Desk from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, January 27th. Royal Bank Of Canada restated an "outperform" rating on shares of Trade Desk in a report on Tuesday, March 17th. Cfra restated a "hold" rating and issued a $40.00 price target on shares of Trade Desk in a research report on Tuesday, January 27th. Finally, KeyCorp dropped their price target on Trade Desk from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, Trade Desk has a consensus rating of "Hold" and a consensus target price of $41.53.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of the business's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the sale, the director directly owned 1,946 shares of the company's stock, valued at $59,255.70. The trade was a 98.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.00% of the company's stock.

Trade Desk Trading Down 4.0%

TTD stock opened at $22.62 on Friday. The Trade Desk has a one year low of $19.74 and a one year high of $91.45. The firm has a 50-day moving average of $23.96 and a two-hundred day moving average of $34.69. The firm has a market capitalization of $10.77 billion, a PE ratio of 25.13, a P/E/G ratio of 0.94 and a beta of 1.18.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The business had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. During the same period last year, the firm posted $0.59 earnings per share. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Trade Desk will post 1.27 earnings per share for the current year.

Trade Desk declared that its board has authorized a stock repurchase plan on Wednesday, February 25th that allows the company to buyback $350.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Trade Desk Profile

The Trade Desk, Inc NASDAQ: TTD is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.

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