Bamco Inc. NY Trims Stake in The Trade Desk $TTD

Bamco Inc. NY lessened its stake in shares of The Trade Desk (NASDAQ:TTD) by 13.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,798,634 shares of the technology company’s stock after selling 289,716 shares during the quarter. Bamco Inc. NY’s holdings in Trade Desk were worth $88,151,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TTD. Family Legacy Financial Solutions LLC raised its holdings in shares of Trade Desk by 163.2% in the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock worth $25,000 after acquiring an additional 310 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Trade Desk by 175.8% during the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Trade Desk during the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Trade Desk during the 2nd quarter worth about $28,000. Finally, Transce3nd LLC purchased a new stake in Trade Desk during the 2nd quarter worth about $28,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on TTD shares. Benchmark restated a “buy” rating and issued a $40.00 target price (down from $65.00) on shares of Trade Desk in a report on Monday, February 23rd. Needham & Company LLC lowered their price target on shares of Trade Desk from $60.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Truist Financial cut their price objective on shares of Trade Desk from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wedbush reissued an “underperform” rating and set a $23.00 price objective on shares of Trade Desk in a research note on Friday, March 6th. Finally, Jefferies Financial Group set a $40.00 target price on shares of Trade Desk and gave the stock a “hold” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.45.

Insider Buying and Selling at Trade Desk

In related news, Director Kathryn E. Falberg sold 102,828 shares of Trade Desk stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.45, for a total value of $3,131,112.60. Following the transaction, the director owned 1,946 shares in the company, valued at approximately $59,255.70. This trade represents a 98.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.

Trade Desk Trading Up 3.1%

Shares of NASDAQ:TTD opened at $27.34 on Friday. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.08 and a beta of 1.13. The stock’s 50-day moving average price is $30.11 and its two-hundred day moving average price is $40.01. The Trade Desk has a 12-month low of $21.08 and a 12-month high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. As a group, research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a stock repurchase plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Trade Desk

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.