The Trade Desk $TTD Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD) by 58.5% in the second quarter, Holdings Channel reports. The firm owned 3,299 shares of the technology company’s stock after selling 4,652 shares during the period. Oak Ridge Investments LLC’s holdings in Trade Desk were worth $237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC increased its position in shares of 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 during the last quarter. West Oak Capital LLC increased its position in shares of Trade Desk by 466.7% during the 2nd 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. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk during the 1st quarter worth about $26,000. HighMark Wealth Management LLC increased its position in shares of Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares during the last quarter. Finally, Vermillion Wealth Management Inc. increased its position in shares of Trade Desk by 400.0% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after purchasing an additional 400 shares during the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the transaction, the insider directly owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TTD shares. Wedbush reissued an “outperform” rating and set a $86.00 price objective on shares of Trade Desk in a research report on Tuesday, July 15th. Citigroup reissued an “outperform” rating on shares of Trade Desk in a research report on Tuesday, September 30th. Moffett Nathanson downgraded Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, August 8th. BMO Capital Markets dropped their target price on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Royal Bank Of Canada dropped their target price on Trade Desk from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Twenty-one 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.48.

Trade Desk Price Performance

NASDAQ TTD opened at $52.36 on Monday. The company has a market cap of $25.60 billion, a P/E ratio of 63.09, a P/E/G ratio of 2.80 and a beta of 1.38. The stock has a 50-day moving average of $53.78 and a two-hundred day moving average of $62.72. The Trade Desk has a 1-year low of $42.96 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last released its 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). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts anticipate that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk Company 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.