Voya Investment Management LLC Sells 240,454 Shares of The Trade Desk $TTD

Key Points

• Voya Investment Management LLC has reduced its stake in The Trade Desk by 14.8%, selling 240,454 shares during the first quarter, leaving it with a total of 1,384,084 shares valued at approximately $75.6 million.
• Several institutional investors significantly increased their stakes in The Trade Desk, with Intech Investment Management increasing its stake by 5,779.8% by acquiring 237,724 shares.
• Analysts have mixed ratings on The Trade Desk, with a consensus rating of "Hold" and a price target averaging $87.67, while some ratings have been downgraded to "Sell."

Voya Investment Management LLC reduced its position in shares of The Trade Desk (NASDAQ:TTD - Free Report) by 14.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,384,084 shares of the technology company's stock after selling 240,454 shares during the quarter. Voya Investment Management LLC owned about 0.28% of Trade Desk worth $75,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its stake in shares of Trade Desk by 5,779.8% in the 1st quarter. Intech Investment Management LLC now owns 241,837 shares of the technology company's stock valued at $13,233,000 after acquiring an additional 237,724 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Trade Desk by 3,876.8% in the 1st quarter. GAMMA Investing LLC now owns 91,984 shares of the technology company's stock valued at $5,033,000 after acquiring an additional 89,671 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Trade Desk in the 1st quarter valued at about $995,000. Panagora Asset Management Inc. increased its stake in shares of Trade Desk by 38.5% in the 1st quarter. Panagora Asset Management Inc. now owns 811,235 shares of the technology company's stock valued at $44,391,000 after acquiring an additional 225,638 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of Trade Desk by 38.0% in the 1st quarter. Kestra Advisory Services LLC now owns 27,165 shares of the technology company's stock valued at $1,486,000 after acquiring an additional 7,481 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TTD shares. Moffett Nathanson cut Trade Desk from a "neutral" rating to a "sell" rating and set a $45.00 price target for the company. in a research note on Friday, August 8th. Wedbush reaffirmed an "outperform" rating and issued a $86.00 price target on shares of Trade Desk in a research note on Tuesday, July 15th. Wall Street Zen cut Trade Desk from a "hold" rating to a "sell" rating in a research note on Monday, September 1st. BMO Capital Markets lowered their target price on Trade Desk from $115.00 to $98.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Finally, KeyCorp increased their target price on Trade Desk from $80.00 to $95.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.67.

Insider Activity at Trade Desk

In other news, insider Jay R. Grant sold 51,290 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares of the company's stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director directly owned 5,035 shares of the company's stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

Trade Desk Stock Performance

NASDAQ TTD opened at $45.15 on Friday. The business has a 50 day simple moving average of $66.75 and a 200 day simple moving average of $64.42. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 54.40, a PEG ratio of 2.32 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.Trade Desk's revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts predict that The Trade Desk will post 1.06 EPS for the current year.

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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