The Trade Desk $TTD Stock Position Raised by Cibc World Market Inc.

Key Points

• Cibc World Market Inc. boosted its Trade Desk stake by 204.9% in Q4, adding 217,627 shares and bringing its holdings to 323,827 shares worth about $12.3 million.
• Trade Desk also saw notable insider selling, as Director Samantha Jacobson sold 53,681 shares for about $1.13 million, cutting her position by 80.38%.
• The stock has faced mixed sentiment: analysts now have a consensus Hold rating with a $33.91 average price target, while the company recently missed EPS estimates despite reporting 11.8% revenue growth year over year.

Cibc World Market Inc. raised its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 204.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,827 shares of the technology company's stock after purchasing an additional 217,627 shares during the period. Cibc World Market Inc. owned 0.07% of Trade Desk worth $12,292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Wealth Partners LLC raised its stake in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company's stock worth $27,000 after purchasing an additional 691 shares in the last quarter. Binnacle Investments Inc purchased a new stake in shares of Trade Desk during the 3rd quarter worth about $37,000. Y.D. More Investments Ltd raised its stake in shares of Trade Desk by 92.3% in the 3rd quarter. Y.D. More Investments Ltd now owns 769 shares of the technology company's stock valued at $38,000 after acquiring an additional 369 shares in the last quarter. Albion Financial Group UT bought a new position in shares of Trade Desk in the 4th quarter valued at approximately $30,000. Finally, Caitlin John LLC bought a new position in shares of Trade Desk in the 3rd quarter valued at approximately $41,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the sale, the director owned 13,099 shares of the company's stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.41% of the company's stock.

Wall Street Analyst Weigh In

TTD has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on Trade Desk from $98.00 to $55.00 and set an "outperform" rating on the stock in a research note on Thursday, February 26th. Wedbush set a $21.00 price objective on Trade Desk and gave the company a "neutral" rating in a research note on Friday, May 8th. Stifel Nicolaus set a $21.00 price objective on Trade Desk in a research note on Friday, May 8th. KeyCorp downgraded Trade Desk from an "overweight" rating to a "sector weight" rating in a research note on Friday, May 8th. Finally, Rothschild & Co Redburn initiated coverage on Trade Desk in a research note on Thursday, May 28th. They issued a "sell" rating and a $11.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, Trade Desk presently has a consensus rating of "Hold" and an average price target of $33.91.

Trade Desk Stock Down 5.1%

TTD opened at $19.95 on Friday. The firm has a market capitalization of $9.38 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The stock's 50 day moving average price is $22.05 and its two-hundred day moving average price is $29.00. The Trade Desk has a 12-month low of $19.74 and a 12-month high of $91.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last released its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.24). The business had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. As a group, analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 25th that permits the company to buyback $350.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are often 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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