BIT Capital GmbH Cuts Stake in The Trade Desk $TTD

BIT Capital GmbH reduced its stake in shares of The Trade Desk (NASDAQ:TTD) by 99.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,039 shares of the technology company’s stock after selling 411,001 shares during the quarter. BIT Capital GmbH’s holdings in Trade Desk were worth $77,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings 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 valued at $2,787,486,000 after buying an additional 12,321,000 shares in the last quarter. State Street Corp grew its holdings 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 valued at $1,781,723,000 after buying an additional 26,559,005 shares in the last quarter. Invesco Ltd. grew its holdings in 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 buying an additional 3,421,074 shares in the last quarter. Norges Bank purchased a new position in shares of Trade Desk in the fourth quarter valued at $197,550,000. Finally, Jericho Capital Asset Management L.P. grew its holdings in shares of Trade Desk by 86.3% in the third 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 in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTD has been the subject of a number of recent research reports. DA Davidson set a $29.00 target price on shares of Trade Desk and gave the company a “buy” rating in a report on Monday, May 11th. KeyCorp lowered shares of Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. Rothschild & Co Redburn initiated coverage on shares of Trade Desk in a report on Thursday, May 28th. They issued a “sell” rating and a $11.00 target price for the company. Jefferies Financial Group reissued a “hold” rating on shares of Trade Desk in a report on Tuesday, March 17th. Finally, William Blair lowered shares of Trade Desk from an “outperform” rating to a “market perform” 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 given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Trade Desk has an average rating of “Hold” and an average price target of $33.91.

Trade Desk Price Performance

TTD stock opened at $19.95 on Friday. The business has a 50-day moving average price of $22.05 and a 200 day moving average price of $29.00. The company has a market capitalization of $9.38 billion, a P/E ratio of 22.67, a PEG ratio of 1.02 and a beta of 1.05. The Trade Desk has a 1-year low of $19.74 and a 1-year high of $91.45.

Trade Desk (NASDAQ:TTD) 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 firm had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. 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. On average, analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has approved a share buyback program on Wednesday, February 25th that permits the company to repurchase $350.00 million in shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director directly owned 13,099 shares in the company, valued at $276,912.86. The trade was a 80.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.41% of the stock is owned by insiders.

Trade Desk 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.