Bank of America Corp DE Buys 1,141,704 Shares of The Trade Desk $TTD

Bank of America Corp DE lifted its stake in The Trade Desk (NASDAQ:TTD) by 33.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,548,894 shares of the technology company’s stock after purchasing an additional 1,141,704 shares during the quarter. Bank of America Corp DE’s holdings in Trade Desk were worth $103,214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its position in Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after buying an additional 26,559,005 shares during the last quarter. Invesco Ltd. raised its stake in shares of Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after acquiring an additional 3,421,074 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Trade Desk by 59.0% in the 1st quarter. Renaissance Technologies LLC now owns 5,440,541 shares of the technology company’s stock worth $123,446,000 after acquiring an additional 2,018,525 shares during the last quarter. Norges Bank bought a new stake in shares of Trade Desk in the 4th quarter worth about $197,550,000. Finally, Federated Hermes Inc. boosted its stake in shares of Trade Desk by 1,041.1% during the 4th quarter. Federated Hermes Inc. now owns 4,710,847 shares of the technology company’s stock worth $178,824,000 after purchasing an additional 4,298,009 shares during the period. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Trade Desk Stock Down 21.9%

NASDAQ:TTD opened at $13.80 on Friday. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 0.85 and a beta of 1.04. The Trade Desk has a 52 week low of $12.83 and a 52 week high of $57.00. The firm has a 50 day moving average of $18.82 and a 200 day moving average of $22.79.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.19% and a net margin of 13.61%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. As a group, analysts expect that The Trade Desk will post 1.17 EPS for the current year.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the transaction, the director directly owned 13,099 shares in the company, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.41% of the stock is currently owned by company insiders.

Trending Headlines about Trade Desk

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Customer retention remained strong, and management highlighted ongoing product improvements and major advertising partnerships. CEO Jeff Green has also reportedly purchased shares, potentially signaling confidence in the long-term opportunity. TTD Stock Sinks Over 26% On Earnings Miss, Weak Outlook
• Neutral Sentiment: Analysts substantially reduced price targets and ratings following the release. Needham retained a Buy rating with a $19 target, while other targets ranged from $12 to $15, reflecting significant disagreement over whether the selloff creates value or signals a prolonged downturn. The Trade Desk downgraded by Susquehanna
• Negative Sentiment: Second-quarter revenue rose only 3% year over year to approximately $715 million, below the roughly $753 million consensus estimate. Adjusted EPS was 34 cents; although estimates vary, several reports characterized profit as below expectations and noted that EPS declined from 41 cents a year earlier. Trade Desk Stock Slumps After Revenue Misses Forecasts
• Negative Sentiment: Third-quarter revenue guidance of about $650 million was well below Wall Street expectations and implies a potential year-over-year revenue decline—the first such decline forecast since the company’s IPO. The outlook suggests that weak consumer spending, tariffs, oil prices and cautious spending by large brands are affecting advertising budgets. Trade Desk shares plunge on weak revenue, guidance miss
• Negative Sentiment: Management acknowledged execution gaps and a changing customer environment, while profitability also weakened: adjusted EBITDA fell to approximately $241 million and margins contracted. The rapid restructuring of the C-suite added to investor uncertainty about execution and leadership stability. TTD Q2 Earnings Call Flags Execution Gaps and Cautious Q3 Guide

Analyst Ratings Changes

TTD has been the subject of a number of research analyst reports. Piper Sandler reissued a “neutral” rating and set a $24.00 price target on shares of Trade Desk in a research note on Friday, May 8th. Moffett Nathanson set a $6.00 price objective on shares of Trade Desk in a research report on Friday. Weiss Ratings downgraded shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. Wedbush set a $21.00 price target on Trade Desk and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Wall Street Zen lowered Trade Desk from a “hold” rating to a “sell” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating, twenty-seven have assigned a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, Trade Desk presently has an average rating of “Reduce” and a consensus price target of $20.85.

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.