Public Sector Pension Investment Board Invests $32.44 Million in The Trade Desk $TTD

Public Sector Pension Investment Board bought a new stake in The Trade Desk (NASDAQ:TTD) in the third quarter, HoldingsChannel reports. The fund bought 661,892 shares of the technology company’s stock, valued at approximately $32,439,000.

Other hedge funds have also recently added to or reduced their stakes in the company. STF Management LP increased its position in Trade Desk by 2.1% during the second quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after buying an additional 136 shares during the period. Mutual Advisors LLC grew its position in shares of Trade Desk by 3.5% during the second quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock worth $305,000 after acquiring an additional 142 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the period. CVA Family Office LLC increased its holdings in shares of Trade Desk by 37.2% in the 2nd quarter. CVA Family Office LLC now owns 657 shares of the technology company’s stock valued at $47,000 after acquiring an additional 178 shares during the period. Finally, M&T Bank Corp raised its position in Trade Desk by 0.7% in the 2nd quarter. M&T Bank Corp now owns 27,607 shares of the technology company’s stock valued at $1,987,000 after purchasing an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 4.0%

Shares of Trade Desk stock opened at $26.14 on Friday. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.10. The Trade Desk has a 52-week low of $25.93 and a 52-week high of $91.45. The company’s 50-day simple moving average is $35.10 and its 200-day simple moving average is $46.19.

Trade Desk announced that its board has approved a stock 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 generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

TTD has been the topic of several research reports. Cfra reissued a “hold” rating and set a $40.00 price objective on shares of Trade Desk in a research report on Tuesday, January 27th. Truist Financial set a $60.00 target price on shares of Trade Desk and gave the company a “buy” rating in a report on Monday, January 26th. Cannonball Research raised Trade Desk to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings cut Trade Desk from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $50.00 price objective (down from $55.00) on shares of Trade Desk in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.45.

Trade Desk 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.