Oak Ridge Investments LLC Decreases Stock Holdings in The Trade Desk $TTD

Oak Ridge Investments LLC cut its stake in shares of The Trade Desk (NASDAQ:TTD) by 58.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,299 shares of the technology company’s stock after selling 4,652 shares during the period. Oak Ridge Investments LLC’s holdings in Trade Desk were worth $237,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in Trade Desk during the first quarter worth $26,000. Sound Income Strategies LLC raised its position in 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 acquiring an additional 270 shares during the period. Cloud Capital Management LLC acquired a new position in Trade Desk during the first quarter worth $27,000. von Borstel & Associates Inc. acquired a new position in Trade Desk during the first quarter worth $31,000. Finally, West Oak Capital LLC raised its position in 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 acquiring an additional 350 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction 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 transaction, the director owned 5,035 shares in the company, valued at $242,687. The trade was a 21.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the transaction, the insider owned 218,246 shares in the company, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.

Trade Desk Stock Performance

Shares of TTD stock opened at $52.36 on Monday. The stock’s fifty day moving average is $53.78 and its two-hundred day moving average is $62.72. The firm has a market capitalization of $25.60 billion, a P/E ratio of 63.09, a PEG ratio of 2.80 and a beta of 1.38. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $686.00 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TTD. HSBC restated a “hold” rating and set a $56.00 price objective on shares of Trade Desk in a research report on Monday, August 11th. Stifel Nicolaus reduced their price objective on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Arete Research upgraded Trade Desk to a “strong sell” rating in a report on Monday, July 28th. Moffett Nathanson lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price objective on the stock. in a report on Friday, August 8th. Finally, Piper Sandler decreased their price objective on Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.48.

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.