Bristlecone Advisors LLC Trims Stock Holdings in The Trade Desk $TTD

Bristlecone Advisors LLC reduced its stake in The Trade Desk (NASDAQ:TTD) by 90.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,683 shares of the technology company’s stock after selling 34,942 shares during the period. Bristlecone Advisors LLC’s holdings in Trade Desk were worth $265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTD. Brighton Jones LLC raised its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after buying an additional 169 shares during the period. Bison Wealth LLC raised its holdings in Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after buying an additional 485 shares during the period. Bessemer Group Inc. raised its holdings in Trade Desk by 59.3% in the 1st quarter. Bessemer Group Inc. now owns 12,930 shares of the technology company’s stock valued at $708,000 after buying an additional 4,811 shares during the period. Amalgamated Bank raised its holdings in Trade Desk by 5.9% in the 1st quarter. Amalgamated Bank now owns 31,853 shares of the technology company’s stock valued at $1,743,000 after buying an additional 1,783 shares during the period. Finally, Vontobel Holding Ltd. raised its holdings in Trade Desk by 364.7% in the 1st quarter. Vontobel Holding Ltd. now owns 60,503 shares of the technology company’s stock valued at $3,311,000 after buying an additional 47,483 shares during the period. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Shares of Trade Desk stock opened at $49.96 on Thursday. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The company has a market cap of $24.43 billion, a PE ratio of 60.19, a P/E/G ratio of 2.76 and a beta of 1.38. The business has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $62.80.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. JMP Securities set a $60.00 price target on shares of Trade Desk and gave the stock a “market outperform” rating in a research note on Tuesday, September 30th. BMO Capital Markets cut their price target on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Morgan Stanley lowered shares of Trade Desk from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $80.00 to $50.00 in a research note on Wednesday, September 10th. Wall Street Zen lowered shares of Trade Desk from a “hold” rating to a “sell” rating in a research note on Monday, September 1st. Finally, HSBC reiterated a “hold” rating and set a $56.00 price target on shares of Trade Desk in a research note on Monday, August 11th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.48.

Insider Buying and Selling

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, the insider directly owned 218,246 shares of the company’s stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 10.00% of the company’s stock.

Trade Desk Company Profile

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.