Clear Street Group Inc. Buys Shares of 215,690 The Trade Desk $TTD

Clear Street Group Inc. purchased a new position in shares of The Trade Desk (NASDAQ:TTD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 215,690 shares of the technology company’s stock, valued at approximately $10,571,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after buying an additional 12,321,000 shares during the period. Invesco Ltd. lifted its stake in Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after acquiring an additional 3,421,074 shares in the last quarter. Norges Bank purchased a new position in Trade Desk during the 2nd quarter valued at about $197,362,000. Viking Global Investors LP purchased a new position in Trade Desk during the 2nd quarter valued at about $192,524,000. Finally, Barclays PLC grew its position in Trade Desk by 326.5% in the 3rd quarter. Barclays PLC now owns 3,048,438 shares of the technology company’s stock valued at $149,404,000 after acquiring an additional 2,333,744 shares in the last quarter. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Trade Desk

In other news, Director Kathryn E. Falberg sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.00% of the company’s stock.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $27.34 on Friday. The business has a 50-day simple moving average of $30.11 and a 200-day simple moving average of $40.01. The Trade Desk has a one year low of $21.08 and a one year high of $91.45. The company has a market cap of $13.22 billion, a PE ratio of 30.38, a P/E/G ratio of 1.08 and a beta of 1.13.

Trade Desk (NASDAQ:TTD) last issued its 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 firm had revenue of $846.79 million for the quarter, compared to analysts’ expectations of $840.56 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Trade Desk from $42.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Royal Bank Of Canada dropped their price objective on shares of Trade Desk from $65.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Evercore reaffirmed an “outperform” rating on shares of Trade Desk in a research note on Monday, February 23rd. DA Davidson set a $32.00 target price on shares of Trade Desk in a report on Thursday, March 5th. Finally, Citizens Jmp cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, fifteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.45.

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.