Werlinich Asset Management LLC Takes Position in The Trade Desk $TTD

Key Points

• Werlinich Asset Management LLC acquired a new stake in The Trade Desk, purchasing 12,105 shares valued at approximately $871,000 in the second quarter.
• Insider trading activity includes Jay R. Grant selling 51,290 shares at an average price of $91.18, which represents a 19.03% decrease in his position.
• Analysts have recently downgraded Trade Desk's rating, with BTIG Research changing it from "buy" to "neutral" and Bank of America reducing its price target from $130 to $55.

Werlinich Asset Management LLC bought a new stake in The Trade Desk (NASDAQ:TTD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,105 shares of the technology company's stock, valued at approximately $871,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC boosted its stake in shares of Trade Desk by 2.6% in the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company's stock valued at $315,000 after purchasing an additional 144 shares during the period. Tradition Wealth Management LLC boosted its stake in shares of Trade Desk by 2.4% in the first quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company's stock valued at $347,000 after purchasing an additional 150 shares during the period. Meiji Yasuda Life Insurance Co boosted its stake in shares of Trade Desk by 2.8% in the first quarter. Meiji Yasuda Life Insurance Co now owns 5,857 shares of the technology company's stock valued at $320,000 after purchasing an additional 157 shares during the period. Brighton Jones LLC boosted its stake in Trade Desk by 3.8% during the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company's stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Trade Desk by 14.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,439 shares of the technology company's stock valued at $104,000 after acquiring an additional 180 shares during the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TTD. BTIG Research downgraded shares of Trade Desk from a "buy" rating to a "neutral" rating in a research note on Friday, August 8th. Bank of America reiterated an "underperform" rating and set a $55.00 price objective (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Hsbc Global Res downgraded shares of Trade Desk from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Trade Desk from a "hold" rating to a "sell" rating in a research note on Monday, September 1st. Finally, UBS Group reduced their price objective on shares of Trade Desk from $105.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $87.67.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director owned 5,035 shares in the company, valued at approximately $242,687. This represents a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.00% of the company's stock.

Trade Desk Stock Performance

Trade Desk stock opened at $44.90 on Wednesday. The firm's 50-day moving average is $65.61 and its 200-day moving average is $64.01. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53. The company has a market cap of $21.95 billion, a P/E ratio of 54.10, a PEG ratio of 2.37 and a beta of 1.36.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The company's quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

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.

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