Elevation Point Wealth Partners LLC Reduces Stock Holdings in The Trade Desk $TTD

Elevation Point Wealth Partners LLC lowered its stake in shares of The Trade Desk (NASDAQ:TTD) by 18.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,263 shares of the technology company’s stock after selling 1,889 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Trade Desk were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Banque Cantonale Vaudoise acquired a new stake in Trade Desk during the 1st quarter worth $26,000. Sound Income Strategies LLC grew its holdings in shares of 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 purchasing an additional 270 shares during the last quarter. West Oak Capital LLC grew its holdings in shares of Trade Desk by 466.7% during the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after purchasing an additional 350 shares during the last quarter. HighMark Wealth Management LLC increased its position in shares of Trade Desk by 46.2% during the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares in the last quarter. Finally, Vermillion Wealth Management Inc. lifted its holdings in shares of Trade Desk by 400.0% in the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock valued at $36,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This represents a 21.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of a number of research reports. Wedbush restated a “neutral” rating and set a $50.00 price target on shares of Trade Desk in a research note on Friday, November 7th. Royal Bank Of Canada set a $80.00 target price on shares of Trade Desk and gave the stock an “outperform” rating in a research report on Friday, November 7th. Benchmark upgraded shares of Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Friday, November 7th. Citigroup reiterated an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. Finally, Morgan Stanley lowered shares of Trade Desk from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $80.00 to $50.00 in a research note on Wednesday, September 10th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.19.

Trade Desk Stock Performance

Shares of TTD opened at $39.59 on Friday. The stock has a market capitalization of $19.14 billion, a P/E ratio of 45.50, a P/E/G ratio of 1.94 and a beta of 1.43. The Trade Desk has a 1 year low of $38.22 and a 1 year high of $141.53. The company’s fifty day moving average is $47.38 and its two-hundred day moving average is $60.94.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. Sell-side analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk declared that its Board of Directors has authorized a share buyback program on Thursday, November 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.