Silvant Capital Management LLC Has $2.81 Million Position in The Trade Desk $TTD

Silvant Capital Management LLC decreased its position in shares of The Trade Desk (NASDAQ:TTD) by 46.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,310 shares of the technology company’s stock after selling 48,933 shares during the period. Silvant Capital Management LLC’s holdings in Trade Desk were worth $2,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Trade Desk by 27.7% during the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after acquiring an additional 12,321,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in Trade Desk by 52.1% in the 2nd quarter. Geode Capital Management LLC now owns 12,314,817 shares of the technology company’s stock valued at $884,860,000 after purchasing an additional 4,218,975 shares during the last quarter. Norges Bank acquired a new stake in Trade Desk in the second quarter valued at approximately $197,362,000. Viking Global Investors LP bought a new stake in shares of Trade Desk during the second quarter worth $192,524,000. Finally, Barclays PLC grew its stake in shares of Trade Desk by 326.5% during the third quarter. Barclays PLC now owns 3,048,438 shares of the technology company’s stock worth $149,404,000 after buying an additional 2,333,744 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In other news, Director Kathryn E. Falberg sold 102,828 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the sale, the director owned 1,946 shares in the company, valued at $59,255.70. This trade represents a 98.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TTD. Royal Bank Of Canada lowered their price objective on Trade Desk from $65.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Piper Sandler restated a “neutral” rating and set a $28.00 price objective (down from $50.00) on shares of Trade Desk in a research report on Monday, March 2nd. Truist Financial dropped their target price on shares of Trade Desk from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Cfra reaffirmed a “hold” rating and set a $40.00 target price on shares of Trade Desk in a research note on Tuesday, January 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Trade Desk from $42.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $43.45.

Trade Desk Trading Down 1.4%

Trade Desk stock opened at $27.28 on Thursday. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. The firm’s fifty day moving average price is $30.54 and its two-hundred day moving average price is $40.37. The Trade Desk has a 1-year low of $21.08 and a 1-year high of $91.45.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The business had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same quarter last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, research analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has authorized a stock repurchase program on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board 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.