Andrea Lee Cunningham Sells 1,403 Shares of Trade Desk (NASDAQ:TTD) Stock

The Trade Desk (NASDAQ:TTD) Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the sale, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Trade Desk Stock Down 0.2%

Shares of NASDAQ TTD opened at $45.15 on Friday. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The firm’s 50-day simple moving average is $66.75 and its 200 day simple moving average is $64.37. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 54.40, a price-to-earnings-growth ratio of 2.32 and a beta of 1.36.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $86.00 price target on shares of Trade Desk in a report on Tuesday, July 15th. Evercore ISI raised shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Friday, June 27th. Bank of America reissued an “underperform” rating and set a $55.00 price target (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Rosenblatt Securities reaffirmed a “buy” rating on shares of Trade Desk in a research note on Friday, August 8th. Finally, Wells Fargo & Company lowered shares of Trade Desk from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $74.00 to $68.00 in a report on Thursday, June 26th. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and an average target price of $87.67.

Institutional Investors Weigh In On Trade Desk

Several large investors have recently bought and sold shares of TTD. Investment Management Corp VA ADV bought a new position in shares of Trade Desk during the fourth quarter worth $25,000. Banque Cantonale Vaudoise acquired a new stake in Trade Desk during the 1st quarter worth $26,000. Sound Income Strategies LLC lifted its holdings in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after acquiring an additional 270 shares in the last quarter. Cloud Capital Management LLC acquired a new position in Trade Desk in the first quarter valued at about $27,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Trade Desk in the second quarter worth about $28,000. Institutional investors own 67.77% of the company’s stock.

About Trade Desk

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.