The Trade Desk $TTD Stake Lifted by Shellback Capital LP

Key Points

• Shellback Capital LP increased its holdings in The Trade Desk by 400%, acquiring an additional 60,000 shares during the first quarter, bringing its total to 75,000 shares valued at $4.1 million.
• Insider Jay R. Grant sold 51,290 shares of The Trade Desk on August 7th, representing a 19.03% decrease in their position, with the transaction totaling over $4.6 million.
• The Trade Desk reported a net margin of 15.57% and revealed quarterly revenue of $694.04 million, slightly above analyst estimates, despite missing EPS expectations by $0.24.

Shellback Capital LP increased its holdings in The Trade Desk (NASDAQ:TTD - Free Report) by 400.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,000 shares of the technology company's stock after purchasing an additional 60,000 shares during the period. Shellback Capital LP's holdings in Trade Desk were worth $4,104,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Brown Advisory Inc. grew its holdings in Trade Desk by 198.4% in the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company's stock valued at $443,358,000 after buying an additional 5,387,339 shares during the period. Nuveen LLC acquired a new stake in shares of Trade Desk in the first quarter worth approximately $191,935,000. Vanguard Group Inc. grew its holdings in Trade Desk by 3.7% in the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company's stock valued at $2,420,689,000 after purchasing an additional 1,567,491 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Trade Desk by 255.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company's stock worth $96,132,000 after purchasing an additional 1,262,492 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in Trade Desk during the first quarter worth approximately $66,948,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of Trade Desk stock traded up $0.37 during trading on Tuesday, reaching $52.40. The company had a trading volume of 7,869,379 shares, compared to its average volume of 11,170,710. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm's fifty day moving average is $68.89 and its 200-day moving average is $65.05. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 63.13, a price-to-earnings-growth ratio of 2.67 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last announced 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 period in the prior year, the firm earned $0.39 earnings per share. The firm'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 anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of the firm's 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 directly owned 218,246 shares in the company, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTD. Hsbc Global Res cut shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. UBS Group decreased their price target on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 15th. BMO Capital Markets decreased their price target on Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Royal Bank Of Canada decreased their target price on shares of Trade Desk from $100.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $84.00 price target on shares of Trade Desk in a research note on Monday. Twenty-one equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.58.

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.