Apollon Wealth Management LLC Buys 3,044 Shares of The Trade Desk $TTD

Apollon Wealth Management LLC increased its holdings in The Trade Desk (NASDAQ:TTD) by 9.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 35,995 shares of the technology company’s stock after purchasing an additional 3,044 shares during the period. Apollon Wealth Management LLC’s holdings in Trade Desk were worth $2,591,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TTD. Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk in the first quarter worth $26,000. Sound Income Strategies LLC grew its stake in shares of Trade Desk by 317.6% in the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after purchasing an additional 270 shares during the last quarter. Cloud Capital Management LLC bought a new stake in shares of Trade Desk in the first quarter worth $27,000. von Borstel & Associates Inc. bought a new stake in shares of Trade Desk in the first quarter worth $31,000. Finally, West Oak Capital LLC grew its stake in shares of Trade Desk by 466.7% in the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 67.77% of the company’s stock.

Insider Activity

In other news, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the company’s 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 transaction, the director owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TTD has been the topic of several analyst reports. 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. JMP Securities set a $60.00 price objective on shares of Trade Desk and gave the stock a “market outperform” rating in a research note on Tuesday, September 30th. Evercore ISI raised shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Friday, June 27th. Scotiabank cut their price target on shares of Trade Desk from $83.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, August 8th. Finally, Arete Research raised shares of Trade Desk to a “strong sell” rating in a research report on Monday, July 28th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.48.

Trade Desk Trading Down 3.2%

Shares of TTD opened at $52.36 on Monday. The stock has a market capitalization of $25.60 billion, a P/E ratio of 63.09, a price-to-earnings-growth ratio of 2.80 and a beta of 1.38. The firm’s fifty day simple moving average is $53.78 and its two-hundred day simple moving average is $62.72. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data 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). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company had revenue of $694.04 million for the quarter, compared to analyst estimates of $686.00 million. During the same quarter in the prior year, the company posted $0.39 EPS. Trade Desk’s revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. As a group, research analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal 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.