The Trade Desk $TTD Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. cut its position in shares of The Trade Desk (NASDAQ:TTD) by 81.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,512 shares of the technology company’s stock after selling 28,771 shares during the quarter. Griffin Asset Management Inc.’s holdings in Trade Desk were worth $247,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Trade Desk by 27.7% during 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 purchasing an additional 12,321,000 shares during the period. State Street Corp increased its position in shares of Trade Desk by 271.1% during the 3rd quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after purchasing an additional 26,559,005 shares during the period. Invesco Ltd. increased its position in shares of Trade Desk by 101.0% during the 3rd quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after purchasing an additional 3,421,074 shares during the period. Jericho Capital Asset Management L.P. increased its position in shares of Trade Desk by 86.3% during the 3rd quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after purchasing an additional 1,884,000 shares during the period. Finally, Northern Trust Corp increased its position in shares of Trade Desk by 34.3% during the 3rd quarter. Northern Trust Corp now owns 3,893,963 shares of the technology company’s stock valued at $190,843,000 after purchasing an additional 993,739 shares during the period. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTD has been the subject of several research reports. DA Davidson set a $29.00 price objective on Trade Desk and gave the stock a “buy” rating in a research note on Monday, May 11th. William Blair cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. KeyCorp cut Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. Citigroup restated a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. Finally, Truist Financial set a $35.00 target price on Trade Desk and gave the stock a “buy” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $34.61.

Trade Desk Stock Up 1.2%

Shares of NASDAQ TTD opened at $21.28 on Friday. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.02 and a beta of 1.10. The stock’s fifty day simple moving average is $22.75 and its 200 day simple moving average is $30.69. The Trade Desk has a 52-week low of $19.74 and a 52-week high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to analyst estimates of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk announced that its Board of Directors has approved a stock buyback program on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Trade Desk

In other news, Director Kathryn E. Falberg sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $30.48, for a total value of $1,524,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.41% of the stock is currently owned by company insiders.

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.