Ashford Capital Management Inc. Has $456,000 Stock Position in The Trade Desk $TTD

Ashford Capital Management Inc. reduced its position in shares of The Trade Desk (NASDAQ:TTD) by 82.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,088 shares of the technology company’s stock after selling 94,788 shares during the period. Ashford Capital Management Inc.’s holdings in Trade Desk were worth $456,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Albion Financial Group UT acquired a new position in shares of Trade Desk during the 4th quarter worth $30,000. Root Financial Partners LLC boosted its stake in Trade Desk by 219.4% in the first quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock valued at $30,000 after buying an additional 906 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Trade Desk in the fourth quarter valued at about $35,000. Ascentis Independent Advisors acquired a new stake in Trade Desk in the first quarter valued at about $36,000. Finally, Binnacle Investments Inc bought a new position in Trade Desk in the third quarter valued at about $37,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTD. Rosenblatt Securities lowered their target price on Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Royal Bank Of Canada set a $33.00 price target on shares of Trade Desk and gave the company an “outperform” rating in a report on Friday, May 8th. Guggenheim lowered their price objective on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Scotiabank set a $20.00 price objective on shares of Trade Desk in a research note on Monday, May 11th. Finally, Wells Fargo & Company set a $20.00 target price on shares of Trade Desk and gave the company an “equal weight” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.43.

Trade Desk Trading Up 3.4%

Shares of TTD stock opened at $17.88 on Tuesday. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 0.84 and a beta of 1.04. The business’s 50-day moving average price is $19.48 and its 200-day moving average price is $23.89. The Trade Desk has a 12 month low of $16.70 and a 12 month high of $91.45.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. On average, sell-side analysts predict that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 13,099 shares of the company’s stock, valued at $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.41% of the stock is owned by insiders.

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.