Bank of New York Mellon Corp Sells 371,690 Shares of The Trade Desk $TTD

Bank of New York Mellon Corp cut its holdings in The Trade Desk (NASDAQ:TTD) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,229,946 shares of the technology company’s stock after selling 371,690 shares during the period. Bank of New York Mellon Corp’s holdings in Trade Desk were worth $84,649,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TTD. Brighton Jones LLC increased its holdings in shares of Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Trade Desk by 24.3% in the 4th quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after buying an additional 485 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Trade Desk by 75.5% in the 1st quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after buying an additional 2,269 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Trade Desk by 46.6% in the 2nd quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock worth $4,304,000 after buying an additional 19,015 shares during the last quarter. Finally, AXA S.A. increased its holdings in shares of Trade Desk by 14.7% in the 2nd quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock worth $3,083,000 after buying an additional 5,487 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TTD shares. Weiss Ratings upgraded shares of Trade Desk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Citigroup restated a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price objective on shares of Trade Desk in a research report on Thursday, February 26th. Rothschild & Co Redburn assumed coverage on shares of Trade Desk in a research note on Thursday, May 28th. They issued a “sell” rating and a $11.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.91.

Insider Activity at Trade Desk

In other news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 11.41% of the company’s stock.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $19.43 on Tuesday. The company has a market cap of $9.13 billion, a P/E ratio of 22.08, a PEG ratio of 0.97 and a beta of 1.05. The Trade Desk has a 1 year low of $19.10 and a 1 year high of $91.45. The firm has a 50-day simple moving average of $22.01 and a two-hundred day simple moving average of $28.78.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) 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 return on equity of 16.91% and a net margin of 14.57%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. As a group, equities research analysts expect that The Trade Desk will post 1.17 EPS for the current year.

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