Rep. Robert Bresnahan, Jr. Buys The Trade Desk (NASDAQ:TTD) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of The Trade Desk NASDAQ: TTD. In a filing disclosed on June 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Trade Desk stock on May 9th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
• Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
• Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.

Trade Desk Price Performance

NASDAQ:TTD traded up $1.14 during mid-day trading on Friday, reaching $86.14. The stock had a trading volume of 6,028,690 shares, compared to its average volume of 14,512,962. The company has a market capitalization of $42.33 billion, a price-to-earnings ratio of 105.05, a price-to-earnings-growth ratio of 3.86 and a beta of 1.36. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53. The stock's 50 day simple moving average is $74.30 and its two-hundred day simple moving average is $76.13.

Trade Desk (NASDAQ:TTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. The business had revenue of $616.02 million during the quarter, compared to the consensus estimate of $575.62 million. Trade Desk had a return on equity of 15.41% and a net margin of 16.04%. The company's revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. Sell-side analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler lifted their price target on Trade Desk from $55.00 to $65.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Truist Financial raised their target price on shares of Trade Desk from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $84.00 target price on shares of Trade Desk in a report on Friday, June 6th. Macquarie raised their target price on shares of Trade Desk from $90.00 to $92.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Guggenheim cut their target price on shares of Trade Desk from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, Trade Desk presently has an average rating of "Moderate Buy" and a consensus price target of $98.73.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TTD. Investment Management Corp VA ADV purchased a new position in Trade Desk during the 4th quarter worth approximately $25,000. Rialto Wealth Management LLC purchased a new position in Trade Desk during the 4th quarter worth approximately $26,000. Banque Cantonale Vaudoise purchased a new position in Trade Desk during the 1st quarter worth approximately $26,000. Sound Income Strategies LLC grew its position in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company's stock worth $26,000 after purchasing an additional 270 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new position in Trade Desk during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 67.77% of the company's stock.

Insider Activity at Trade Desk

In other Trade Desk news, Director David B. Wells sold 28,638 shares of Trade Desk stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.88, for a total transaction of $2,287,603.44. Following the transaction, the director directly owned 66,985 shares in the company, valued at approximately $5,350,761.80. The trade was a 29.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Terry Green sold 26,684 shares of Trade Desk stock in a transaction on Monday, May 12th. The shares were sold at an average price of $80.03, for a total transaction of $2,135,520.52. Following the sale, the chief executive officer directly owned 17,018 shares of the company's stock, valued at $1,361,950.54. This trade represents a 61.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.74% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.