54,183 Shares in The Trade Desk $TTD Acquired by Delta Global Management LP

Delta Global Management LP bought a new stake in shares of The Trade Desk (NASDAQ:TTD) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 54,183 shares of the technology company’s stock, valued at approximately $2,656,000.

Several other hedge funds have also modified their holdings of TTD. DoubleLine ETF Adviser LP purchased a new position in shares of Trade Desk in the 3rd quarter worth $336,000. EFG Asset Management Americas Corp. raised its position in Trade Desk by 8.1% during the third quarter. EFG Asset Management Americas Corp. now owns 37,226 shares of the technology company’s stock valued at $1,824,000 after purchasing an additional 2,789 shares during the period. Coatue Management LLC lifted its stake in shares of Trade Desk by 38.8% in the 3rd quarter. Coatue Management LLC now owns 1,387,089 shares of the technology company’s stock valued at $67,981,000 after purchasing an additional 388,100 shares during the last quarter. Capital Impact Advisors LLC purchased a new position in shares of Trade Desk in the 3rd quarter worth approximately $7,812,000. Finally, Chevy Chase Trust Holdings LLC purchased a new position in shares of Trade Desk in the 3rd quarter worth approximately $11,193,000. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTD has been the subject of several recent analyst reports. Evercore reaffirmed an “outperform” rating on shares of Trade Desk in a research note on Monday, February 23rd. Scotiabank restated a “sector perform” rating and issued a $32.00 target price (down from $60.00) on shares of Trade Desk in a report on Thursday, February 26th. Wolfe Research reaffirmed an “outperform” rating and set a $45.00 price target (down from $60.00) on shares of Trade Desk in a research note on Monday, January 5th. Bank of America reduced their price objective on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a research report on Tuesday, January 20th. Finally, KeyCorp decreased their price objective on shares of Trade Desk from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, fifteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Trade Desk currently has an average rating of “Hold” and an average price target of $43.45.

Insider Buying and Selling

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 transaction, the director directly owned 1,946 shares of the company’s stock, 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 SEC, which can be accessed through this link. 10.00% of the stock is owned by corporate insiders.

Trade Desk Trading Up 3.1%

Shares of TTD opened at $27.34 on Monday. The firm has a fifty day moving average price of $30.11 and a 200-day moving average price of $39.92. The firm has a market capitalization of $13.22 billion, a P/E ratio of 30.38, a P/E/G ratio of 1.08 and a beta of 1.13. 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 results on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company had revenue of $846.79 million for the quarter, compared to the consensus estimate of $840.56 million. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. Analysts predict that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 25th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Trade Desk Company 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.