The Trade Desk $TTD Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its holdings in shares of The Trade Desk (NASDAQ:TTD) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,798,634 shares of the technology company’s stock after selling 289,716 shares during the period. Bamco Inc. NY owned approximately 0.37% of Trade Desk worth $88,151,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Trade Desk by 27.7% in the 3rd quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after buying an additional 12,321,000 shares during the period. Invesco Ltd. boosted its stake in shares of Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after buying an additional 3,421,074 shares in the last quarter. Norges Bank acquired a new position in Trade Desk during the second quarter worth $197,362,000. Viking Global Investors LP acquired a new position in Trade Desk during the second quarter worth $192,524,000. Finally, Barclays PLC raised its position in Trade Desk by 326.5% in the third quarter. Barclays PLC now owns 3,048,438 shares of the technology company’s stock worth $149,404,000 after acquiring an additional 2,333,744 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Trade Desk Stock Performance

Trade Desk stock opened at $27.34 on Friday. The Trade Desk has a fifty-two week low of $21.08 and a fifty-two week high of $91.45. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 1.08 and a beta of 1.13. The stock’s fifty day moving average is $30.11 and its two-hundred day moving average is $40.01.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Wednesday, February 25th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a return on equity of 16.89% and a net margin of 15.31%.The business had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. During the same quarter in the previous year, the company posted $0.59 EPS. The business’s revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has authorized a share buyback program on Wednesday, February 25th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the technology company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 102,828 shares of Trade Desk stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director owned 1,946 shares in the company, valued at approximately $59,255.70. The trade was a 98.14% 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 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent analyst reports. Oppenheimer reduced their target price on Trade Desk from $70.00 to $35.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. BMO Capital Markets cut their price target on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Rosenblatt Securities reduced their price objective on shares of Trade Desk from $53.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Wells Fargo & Company decreased their price objective on shares of Trade Desk from $42.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $22.00 target price on shares of Trade Desk in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, fifteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.45.

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.