Strs Ohio Cuts Stock Holdings in The Trade Desk $TTD

Strs Ohio cut its stake in The Trade Desk (NASDAQ:TTD) by 92.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,670 shares of the technology company’s stock after selling 123,496 shares during the period. Strs Ohio’s holdings in Trade Desk were worth $523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC grew its position in shares of Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after buying an additional 310 shares in the last quarter. Sound Income Strategies LLC lifted its stake in 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 acquiring an additional 270 shares during the last quarter. Versant Capital Management Inc grew its holdings in Trade Desk by 175.8% during the 3rd quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock worth $26,000 after acquiring an additional 334 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Trade Desk in the 3rd quarter valued at approximately $26,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Trade Desk in the 2nd quarter valued at approximately $28,000. 67.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on TTD. Cannonball Research upgraded shares of Trade Desk to a “strong-buy” rating in a research note on Monday, January 12th. Susquehanna decreased their price target on Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a report on Friday, November 7th. Moffett Nathanson raised Trade Desk from a “sell” rating to a “neutral” rating and set a $39.00 price objective for the company in a research report on Monday, January 12th. Cfra reissued a “hold” rating and set a $40.00 target price on shares of Trade Desk in a research report on Tuesday. Finally, Weiss Ratings cut Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.53.

Trade Desk Stock Down 2.9%

Shares of NASDAQ TTD opened at $30.33 on Friday. The business has a 50-day moving average price of $37.25 and a 200 day moving average price of $49.63. The stock has a market cap of $14.67 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.11. The Trade Desk has a 52-week low of $30.13 and a 52-week high of $125.80.

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, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Sell-side analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has approved a share repurchase plan on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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.