Glenmede Trust Co. NA Has $9.73 Million Stock Holdings in The Trade Desk $TTD

Glenmede Trust Co. NA raised its holdings in The Trade Desk (NASDAQ:TTD) by 984.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 428,977 shares of the technology company’s stock after buying an additional 389,429 shares during the period. Glenmede Trust Co. NA’s holdings in Trade Desk were worth $9,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Albion Financial Group UT bought a new stake in shares of Trade Desk during the fourth quarter worth about $30,000. Root Financial Partners LLC boosted its stake in Trade Desk by 219.4% during the 1st quarter. Root Financial Partners LLC now owns 1,319 shares of the technology company’s stock valued at $30,000 after purchasing an additional 906 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Trade Desk during the 4th quarter worth approximately $35,000. Ascentis Independent Advisors purchased a new stake in shares of Trade Desk in the first quarter worth approximately $36,000. Finally, Binnacle Investments Inc bought a new position in shares of Trade Desk in the third quarter valued at approximately $37,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following the sale, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TTD shares. Benchmark reaffirmed a “buy” rating on shares of Trade Desk in a research report on Monday. Evercore set a $27.00 price objective on Trade Desk in a research note on Friday, May 8th. Wells Fargo & Company set a $20.00 price objective on shares of Trade Desk and gave the stock an “equal weight” rating in a report on Friday, May 8th. Guggenheim reduced their target price on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, UBS Group reiterated a “buy” rating on shares of Trade Desk in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.50.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $18.30 on Tuesday. The Trade Desk has a 1 year low of $16.70 and a 1 year high of $91.45. The firm has a market cap of $8.60 billion, a PE ratio of 20.80, a P/E/G ratio of 0.87 and a beta of 1.04. The stock has a fifty day moving average price of $19.17 and a 200-day moving average price of $23.22.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The business had revenue of $688.86 million for the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, equities analysts anticipate that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk Company 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.