The Trade Desk $TTD Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lessened its stake in The Trade Desk (NASDAQ:TTD) by 25.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,974 shares of the technology company’s stock after selling 26,903 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Trade Desk were worth $2,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. 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. State Street Corp lifted its holdings in shares of Trade Desk by 271.1% in 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 during the period. Invesco Ltd. lifted its holdings in shares of Trade Desk by 101.0% in 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 during the period. Norges Bank acquired a new position in shares of Trade Desk in the 4th quarter valued at about $197,550,000. Finally, Jericho Capital Asset Management L.P. lifted its holdings in shares of Trade Desk by 86.3% in 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 buying an additional 1,884,000 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insiders Place Their Bets

In related news, Director Samantha Jacobson sold 53,681 shares of the company’s 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 transaction, the director owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This represents a 80.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.41% of the company’s stock.

Trade Desk Trading Up 2.4%

NASDAQ TTD opened at $19.89 on Wednesday. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 0.94 and a beta of 1.05. The Trade Desk has a twelve month low of $19.06 and a twelve month high of $91.45. The stock has a 50-day moving average of $21.98 and a 200 day moving average of $28.63.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The business 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 for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Equities analysts predict that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its board has approved a stock buyback program on Wednesday, February 25th that permits the company to buyback $350.00 million in shares. This buyback authorization permits the technology company to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

TTD has been the subject of several analyst reports. KeyCorp cut Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. Benchmark decreased their price objective on Trade Desk from $40.00 to $30.00 and set a “buy” rating for the company in a report on Friday, May 8th. Arete Research raised Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price objective for the company in a report on Monday, March 16th. BMO Capital Markets decreased their price objective on Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $24.00 price target on shares of Trade Desk in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five 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 $33.91.

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.