The Trade Desk $TTD Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in The Trade Desk (NASDAQ:TTD) by 22.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 231,910 shares of the technology company’s stock after buying an additional 43,222 shares during the quarter. Edgestream Partners L.P.’s holdings in Trade Desk were worth $5,262,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TTD. State Street Corp raised its holdings in shares of Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after acquiring an additional 26,559,005 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Trade Desk by 101.0% during the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after acquiring an additional 3,421,074 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Trade Desk by 59.0% during the first quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock valued at $123,446,000 after acquiring an additional 2,018,525 shares during the last quarter. Norges Bank acquired a new stake in shares of Trade Desk during the fourth quarter valued at $197,550,000. Finally, Federated Hermes Inc. increased its position in Trade Desk by 1,041.1% during the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after purchasing an additional 4,298,009 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director directly owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.41% of the stock is currently owned by corporate insiders.

Trade Desk Trading Down 1.3%

Trade Desk stock opened at $18.04 on Friday. The stock has a fifty day moving average price of $19.25 and a 200 day moving average price of $23.45. The Trade Desk has a 52 week low of $16.70 and a 52 week high of $91.45. The firm has a market capitalization of $8.48 billion, a P/E ratio of 20.50, a PEG ratio of 0.88 and a beta of 1.04.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. During the same quarter last year, the company posted $0.33 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts predict that The Trade Desk will post 1.17 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on TTD shares. Wedbush set a $21.00 target price on shares of Trade Desk and gave the company a “neutral” rating in a research note on Friday, May 8th. Rothschild & Co Redburn initiated coverage on shares of Trade Desk in a research note on Thursday, May 28th. They set a “sell” rating and a $11.00 price target on the stock. Piper Sandler reiterated a “neutral” rating and set a $24.00 price target on shares of Trade Desk in a report on Friday, May 8th. William Blair lowered shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus set a $21.00 price objective on shares of Trade Desk in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.43.

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.