21,523 Shares in The Trade Desk $TTD Acquired by Securian Asset Management Inc.

Securian Asset Management Inc. purchased a new stake in shares of The Trade Desk (NASDAQ:TTD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,523 shares of the technology company’s stock, valued at approximately $1,055,000.

Other hedge funds have also modified their holdings of the company. Family Legacy Financial Solutions LLC raised its position in shares of Trade Desk by 163.2% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after purchasing an additional 310 shares during the period. Sound Income Strategies LLC increased its stake in Trade Desk by 317.6% in the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Trade Desk in the 2nd quarter worth $28,000. Transce3nd LLC bought a new stake in Trade Desk during the second quarter valued at about $28,000. Finally, West Oak Capital LLC lifted its position 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 valued at $31,000 after acquiring an additional 350 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Trade Desk Stock Down 0.0%

Trade Desk stock opened at $37.29 on Friday. The company’s 50-day moving average price is $39.80 and its 200-day moving average price is $53.64. The company has a market cap of $18.03 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 1.46 and a beta of 1.11. The Trade Desk has a twelve month low of $35.65 and a twelve month high of $126.20.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The company had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, sell-side analysts expect that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has approved a stock repurchase program on Thursday, November 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TTD shares. Royal Bank Of Canada set a $80.00 target price on Trade Desk and gave the stock an “outperform” rating in a research report on Friday, November 7th. Wells Fargo & Company dropped their price target on Trade Desk from $53.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Needham & Company LLC reduced their price objective on shares of Trade Desk from $84.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Trade Desk in a report on Monday, December 29th. Finally, Rosenblatt Securities reduced their price target on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Twenty-one 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.19.

Trade Desk Company Profile

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real‑time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad‑tech provider.