The Trade Desk $TTD Stock Holdings Lessened by Knuff & Co LLC

Key Points

• Knuff & Co LLC cut its stake in The Trade Desk by 56.9% in Q3, selling 74,246 shares and leaving it with 56,275 shares valued at about $2.76 million per its 13F filing.
• The Trade Desk's board authorized a $350 million share buyback (roughly 2.9% of shares) and reported quarterly results of $846.79 million in revenue (up 14.3%) and $0.59 EPS, in line with estimates.
• Several firms lowered price targets on the stock in late February, and the consensus rating is a Hold with an average target of $43.45, signaling mixed analyst sentiment.

Knuff & Co LLC trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 56.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 56,275 shares of the technology company's stock after selling 74,246 shares during the period. Knuff & Co LLC's holdings in Trade Desk were worth $2,758,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Trade Desk by 0.7% in the second quarter. Vanguard Group Inc. now owns 44,554,852 shares of the technology company's stock valued at $3,207,504,000 after purchasing an additional 317,107 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Trade Desk by 327.3% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,121,436 shares of the technology company's stock worth $80,732,000 after purchasing an additional 858,978 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Trade Desk by 62.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company's stock valued at $8,515,000 after purchasing an additional 66,672 shares in the last quarter. Jacobson & Schmitt Advisors LLC increased its position in shares of Trade Desk by 19.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company's stock worth $14,192,000 after purchasing an additional 47,539 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Trade Desk by 22.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 996,787 shares of the technology company's stock valued at $71,759,000 after purchasing an additional 185,552 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company's stock.

Insider Activity

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total transaction of $1,524,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Oppenheimer cut their target price on Trade Desk from $70.00 to $35.00 and set an "outperform" rating for the company in a research report on Thursday, February 26th. Morgan Stanley cut their price target on shares of Trade Desk from $42.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 26th. Truist Financial cut their price target on shares of Trade Desk from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Weiss Ratings downgraded Trade Desk from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, January 27th. Finally, Stifel Nicolaus dropped their price objective on Trade Desk from $74.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $43.45.

Trade Desk Trading Down 2.8%

Shares of NASDAQ TTD opened at $26.52 on Friday. The company has a market capitalization of $12.83 billion, a P/E ratio of 29.47, a P/E/G ratio of 1.08 and a beta of 1.13. The Trade Desk has a 12 month low of $21.08 and a 12 month high of $91.45. The stock has a 50 day moving average of $30.31 and a 200-day moving average of $40.27.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting analysts' consensus estimates of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The company had revenue of $846.79 million during the quarter, compared to analysts' expectations of $840.56 million. During the same quarter in the prior year, the firm posted $0.59 EPS. Trade Desk's quarterly revenue was up 14.3% compared to the same quarter last year. Analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

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

Trade Desk Company 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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