Rep. James Comer Sells Off Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Representative James Comer (R-Kentucky) recently sold shares of The Trade Desk, Inc. NASDAQ: TTD. In a filing disclosed on February 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Trade Desk stock on February 4th.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Palantir Technologies NASDAQ: PLTR on 1/21/2025.
• Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Dover NYSE: DOV on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Amphenol NYSE: APH on 1/2/2025.
• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 1/2/2025.

Trade Desk Stock Performance

Shares of Trade Desk stock traded down $1.76 on Friday, reaching $80.16. The stock had a trading volume of 19,263,876 shares, compared to its average volume of 3,555,681. The business's 50-day moving average price is $120.93 and its two-hundred day moving average price is $115.58. The Trade Desk, Inc. has a fifty-two week low of $73.68 and a fifty-two week high of $141.53. The stock has a market cap of $39.56 billion, a P/E ratio of 131.41, a price-to-earnings-growth ratio of 3.63 and a beta of 1.45.

Trade Desk (NASDAQ:TTD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. As a group, equities analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share buyback program on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Hedge Funds Weigh In On Trade Desk

Several institutional investors have recently modified their holdings of the business. Focus Financial Network Inc. lifted its holdings in shares of Trade Desk by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 3,877 shares of the technology company's stock valued at $456,000 after purchasing an additional 84 shares in the last quarter. CAP Partners LLC lifted its holdings in shares of Trade Desk by 1.4% during the 3rd quarter. CAP Partners LLC now owns 6,403 shares of the technology company's stock valued at $702,000 after purchasing an additional 86 shares in the last quarter. RMR Wealth Builders lifted its stake in Trade Desk by 0.8% in the 4th quarter. RMR Wealth Builders now owns 10,613 shares of the technology company's stock valued at $1,247,000 after acquiring an additional 89 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in Trade Desk by 4.2% in the 4th quarter. Quotient Wealth Partners LLC now owns 2,347 shares of the technology company's stock valued at $276,000 after acquiring an additional 94 shares in the last quarter. Finally, TFB Advisors LLC lifted its stake in Trade Desk by 2.6% in the 4th quarter. TFB Advisors LLC now owns 3,759 shares of the technology company's stock valued at $442,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 67.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TTD. Scotiabank dropped their target price on shares of Trade Desk from $133.00 to $83.00 and set a "sector perform" rating on the stock in a research report on Thursday. Macquarie boosted their target price on shares of Trade Desk from $133.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. New Street Research raised shares of Trade Desk from a "sell" rating to a "neutral" rating and boosted their price target for the company from $85.00 to $115.00 in a report on Monday, November 25th. BMO Capital Markets lowered their price target on shares of Trade Desk from $160.00 to $115.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Evercore ISI lowered shares of Trade Desk from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $135.00 to $90.00 in a report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.77.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Samantha Jacobson sold 4,298 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the transaction, the insider now owns 90,709 shares of the company's stock, valued at $10,754,459.04. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jay R. Grant sold 18,524 shares of the firm's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $119.35, for a total transaction of $2,210,839.40. Following the completion of the transaction, the insider now directly owns 169,464 shares of the company's stock, valued at $20,225,528.40. This represents a 9.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,029 shares of company stock valued at $5,004,296 in the last ninety days. 9.72% of the stock is currently owned by corporate insiders.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027. Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He declared candidacy for the 2026 election. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.