Left Brain Wealth Management LLC Has $1.88 Million Stake in The Trade Desk $TTD

Left Brain Wealth Management LLC lowered its holdings in shares of The Trade Desk (NASDAQ:TTD) by 70.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,070 shares of the technology company’s stock after selling 61,179 shares during the period. Left Brain Wealth Management LLC’s holdings in Trade Desk were worth $1,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of TTD. Charles Schwab Investment Management Inc. lifted its holdings in shares of Trade Desk by 4.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,071,703 shares of the technology company’s stock worth $149,142,000 after acquiring an additional 86,419 shares during the period. American Century Companies Inc. raised its position in Trade Desk by 27.6% in the second quarter. American Century Companies Inc. now owns 1,294,840 shares of the technology company’s stock worth $93,216,000 after purchasing an additional 280,219 shares in the last quarter. AlphaCore Capital LLC bought a new position in Trade Desk during the second quarter worth about $336,000. Franklin Resources Inc. lifted its stake in Trade Desk by 1.7% during the second quarter. Franklin Resources Inc. now owns 2,212,002 shares of the technology company’s stock worth $159,242,000 after purchasing an additional 36,582 shares during the period. Finally, Mediolanum International Funds Ltd boosted its holdings in Trade Desk by 15.9% during the second quarter. Mediolanum International Funds Ltd now owns 94,480 shares of the technology company’s stock valued at $6,550,000 after purchasing an additional 12,987 shares in the last quarter. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of recent research reports. Royal Bank Of Canada set a $80.00 target price on Trade Desk and gave the stock an “outperform” rating in a report on Friday, November 7th. Evercore ISI lowered their price target on Trade Desk from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. DA Davidson dropped their price objective on Trade Desk from $80.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, November 10th. JMP Securities set a $60.00 target price on shares of Trade Desk and gave the company a “market outperform” rating in a research note on Tuesday, September 30th. Finally, BMO Capital Markets lowered their target price on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Trade Desk has an average rating of “Hold” and an average target price of $78.33.

Trade Desk Stock Performance

Shares of TTD stock opened at $39.65 on Friday. The Trade Desk has a 52 week low of $38.22 and a 52 week high of $141.53. The stock has a market capitalization of $19.17 billion, a PE ratio of 45.57, a PEG ratio of 1.96 and a beta of 1.43. The stock’s fifty day moving average is $47.95 and its 200-day moving average is $61.86.

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

Trade Desk declared that its board has initiated a stock repurchase program on Thursday, November 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 10.00% of the company’s stock.

Trade Desk 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.