Motley Fool Asset Management LLC Sells 26,510 Shares of The Trade Desk $TTD

Motley Fool Asset Management LLC decreased its position in shares of The Trade Desk (NASDAQ:TTDFree Report) by 67.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,645 shares of the technology company’s stock after selling 26,510 shares during the period. Motley Fool Asset Management LLC’s holdings in Trade Desk were worth $480,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TTD. State Street Corp increased its position in Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock worth $1,781,723,000 after buying an additional 26,559,005 shares during the period. Vanguard Group Inc. increased its position in Trade Desk by 27.7% during the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock worth $2,787,486,000 after buying an additional 12,321,000 shares during the period. Norges Bank bought a new position in Trade Desk during the 4th quarter worth $197,550,000. Invesco Ltd. increased its position in Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock worth $333,659,000 after buying an additional 3,421,074 shares during the period. Finally, Viking Global Investors LP bought a new position in Trade Desk during the 2nd quarter worth $192,524,000. Institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 11.41% of the stock is owned by corporate insiders.

Trade Desk Stock Down 3.0%

NASDAQ:TTD opened at $19.29 on Thursday. The stock’s 50-day simple moving average is $21.92 and its 200 day simple moving average is $28.50. The firm has a market capitalization of $9.07 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 0.96 and a beta of 1.05. The Trade Desk has a twelve month low of $19.06 and a twelve month high of $91.45.

Trade Desk (NASDAQ:TTDGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). The business had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. On average, analysts anticipate that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TTD has been the topic of several recent research reports. William Blair cut Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Trade Desk in a research report on Friday, May 8th. DA Davidson set a $29.00 target price on Trade Desk and gave the stock a “buy” rating in a report on Monday, May 11th. Wedbush set a $21.00 target price on Trade Desk and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, BMO Capital Markets reduced their target price on Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $33.91.

Read Our Latest Analysis on Trade Desk

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Trade Desk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trade Desk (NASDAQ:TTD)

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