The Trade Desk $TTD Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc lessened its position in shares of The Trade Desk (NASDAQ:TTD) by 44.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 138,920 shares of the technology company’s stock after selling 110,679 shares during the quarter. CIBC Asset Management Inc’s holdings in Trade Desk were worth $6,808,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TTD. Cornerstone Wealth Group LLC increased its position in shares of Trade Desk by 2.8% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after purchasing an additional 122 shares during the last quarter. STF Management LP increased its position in shares of Trade Desk by 2.1% during the second quarter. STF Management LP now owns 6,627 shares of the technology company’s stock valued at $477,000 after acquiring an additional 136 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of Trade Desk by 3.5% in the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock valued at $305,000 after acquiring an additional 142 shares during the period. HighMark Wealth Management LLC lifted its holdings in shares of Trade Desk by 46.2% in the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after acquiring an additional 151 shares during the last quarter. Finally, Brighton Jones LLC increased its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Key Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Rosenblatt kept a “buy” rating despite cutting its price target (from $64 to $53), signaling some analysts still see material upside. Rosenblatt PT cut
• Positive Sentiment: CFRA reaffirmed a “hold” and set a $40 price target, implying upside from current levels and suggesting some analysts see the pullback as an opportunity. CFRA rating
• Neutral Sentiment: The company named longtime Chief Accounting Officer Tahnil Davis as interim CFO, which provides continuity because she’s been at The Trade Desk nearly 11 years. This should limit disruption but doesn’t remove uncertainty about a permanent hire. Interim CFO announcement
• Neutral Sentiment: The company updated Q4 FY2025 guidance with revenue roughly in line with consensus (~$840M vs ~$841.4M), implying no major near-term fundamental shock from operations. (Company update)
• Negative Sentiment: Sudden resignation of CFO Alex Kayyal triggered analyst downgrades and selling pressure; coverage notes this is the second CFO transition in under six months and heightened governance/leadership concerns. Fool: CFO exit
• Negative Sentiment: Citigroup cut its price target from $50 to $38 and moved to “neutral,” joining other firms that trimmed targets/ratings — analyst cuts amplify downside in the short term. Citigroup PT cut
• Negative Sentiment: Market reaction: shares hit a new 52-week low on heightened volume as sentiment-driven selling overwhelmed fundamentals on the news. 52-week low

Analyst Upgrades and Downgrades

TTD has been the subject of several research analyst reports. Citizens Jmp lowered Trade Desk from an “outperform” rating to a “market perform” rating in a research report on Friday, January 23rd. Stifel Nicolaus set a $74.00 target price on Trade Desk and gave the stock a “buy” rating in a research note on Friday. Cannonball Research upgraded Trade Desk to a “strong-buy” rating in a report on Monday, January 12th. Wells Fargo & Company set a $42.00 price target on shares of Trade Desk and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Finally, DA Davidson reduced their price target on shares of Trade Desk from $80.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $65.53.

Trade Desk Trading Down 4.8%

Shares of TTD opened at $32.19 on Wednesday. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.33 and a beta of 1.11. The firm’s fifty day simple moving average is $37.75 and its 200-day simple moving average is $50.20. The Trade Desk has a twelve month low of $31.83 and a twelve month high of $125.80.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The firm had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. On average, analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its board has authorized a stock repurchase program on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

About Trade Desk

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.