Park Avenue Securities LLC Reduces Stock Holdings in The Trade Desk $TTD

Park Avenue Securities LLC cut its stake in shares of The Trade Desk (NASDAQ:TTDFree Report) by 49.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 26,588 shares of the technology company’s stock after selling 26,246 shares during the period. Park Avenue Securities LLC’s holdings in Trade Desk were worth $1,009,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Family Legacy Financial Solutions LLC raised its stake in shares of Trade Desk by 163.2% during the third quarter. Family Legacy Financial Solutions LLC now owns 500 shares of the technology company’s stock valued at $25,000 after purchasing an additional 310 shares during the period. Versant Capital Management Inc boosted its stake in shares of Trade Desk by 175.8% in the third quarter. Versant Capital Management Inc now owns 524 shares of the technology company’s stock valued at $26,000 after purchasing an additional 334 shares during the period. Root Financial Partners LLC purchased a new position in shares of Trade Desk in the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Trade Desk during the 2nd quarter valued at $28,000. Finally, Transce3nd LLC acquired a new stake in Trade Desk during the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was 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 Securities & Exchange Commission, which is available through this link. 10.00% of the stock is currently owned by corporate insiders.

Trade Desk Price Performance

NASDAQ TTD opened at $21.97 on Thursday. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 0.88 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. The company’s fifty day moving average price is $27.85 and its two-hundred day moving average price is $38.35.

Trade Desk (NASDAQ:TTDGet Free Report) last released its earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The company had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The company’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS. As a group, analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have commented on TTD shares. Truist Financial cut their price objective 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. Citizens Jmp downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, January 23rd. UBS Group dropped their target price on Trade Desk from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wedbush reiterated an “underperform” rating and issued a $23.00 price target on shares of Trade Desk in a research note on Friday, March 6th. Finally, Evercore reissued an “outperform” rating on shares of Trade Desk in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eighteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.94.

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Trade Desk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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