Trexquant Investment LP Boosts Position in The Trade Desk $TTD

Key Points

• Trexquant Investment LP increased its stake in The Trade Desk by 124.8%, now owning 350,646 shares valued at approximately $19.19 million.
• The Trade Desk reported a miss on earnings for the last quarter with an EPS of $0.18, falling short of the $0.42 consensus estimate, despite an 18.7% year-over-year revenue increase.
• Analysts have mixed sentiments on the stock, with a consensus rating of "Moderate Buy" and an average target price of $88.58, reflecting fluctuations in price targets and ratings among different firms.

Trexquant Investment LP lifted its stake in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 124.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 350,646 shares of the technology company's stock after acquiring an additional 194,686 shares during the period. Trexquant Investment LP owned 0.07% of Trade Desk worth $19,187,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Investment Management Corp VA ADV acquired a new stake in shares of Trade Desk during the 4th quarter worth about $25,000. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk during the 1st quarter worth about $26,000. Cloud Capital Management LLC acquired a new stake in shares of Trade Desk during the 1st quarter worth about $27,000. von Borstel & Associates Inc. acquired a new stake in shares of Trade Desk during the 1st quarter worth about $31,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Trade Desk during the 1st quarter worth about $35,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Trade Desk Stock Performance

Shares of TTD opened at $52.65 on Thursday. The stock has a 50-day simple moving average of $71.45 and a 200-day simple moving average of $67.48. The stock has a market capitalization of $25.74 billion, a PE ratio of 63.43, a PEG ratio of 2.68 and a beta of 1.37. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $694.04 million during the quarter, compared to analysts' expectations of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. Analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TTD shares. DA Davidson cut their price objective on Trade Desk from $103.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wall Street Zen raised Trade Desk from a "sell" rating to a "hold" rating in a research report on Sunday. HSBC reaffirmed a "hold" rating and issued a $56.00 target price on shares of Trade Desk in a research report on Monday, August 11th. UBS Group dropped their target price on Trade Desk from $105.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Finally, Stifel Nicolaus dropped their target price on Trade Desk from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.58.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 10.00% of the company's stock.

About Trade Desk

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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