The Trade Desk $TTD Stake Boosted by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its holdings in shares of The Trade Desk (NASDAQ:TTD) by 12.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,323,004 shares of the technology company’s stock after purchasing an additional 148,024 shares during the period. Amova Asset Management Americas Inc.’s holdings in Trade Desk were worth $50,208,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Elevation Wealth Partners LLC grew its stake in Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after acquiring an additional 691 shares in the last quarter. Binnacle Investments Inc purchased a new position in Trade Desk during the 3rd quarter valued at about $37,000. Y.D. More Investments Ltd grew its stake in Trade Desk by 92.3% during the 3rd quarter. Y.D. More Investments Ltd now owns 769 shares of the technology company’s stock valued at $38,000 after acquiring an additional 369 shares in the last quarter. Albion Financial Group UT purchased a new position in Trade Desk during the 4th quarter valued at about $30,000. Finally, Caitlin John LLC purchased a new position in Trade Desk during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Transactions at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the completion of the sale, the director owned 13,099 shares of the company’s stock, valued at $276,912.86. This represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TTD has been the topic of several research analyst reports. Needham & Company LLC lowered their target price on Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price target on shares of Trade Desk in a research note on Thursday, February 26th. Guggenheim lowered their price target on Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 8th. BMO Capital Markets lowered their price target on Trade Desk from $98.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings raised Trade Desk from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.91.

Trade Desk Stock Up 2.4%

Shares of Trade Desk stock opened at $19.89 on Wednesday. The stock has a market capitalization of $9.35 billion, a P/E ratio of 22.60, a PEG ratio of 0.94 and a beta of 1.05. The stock has a 50 day moving average price of $21.98 and a two-hundred day moving average price of $28.63. The Trade Desk has a 12-month low of $19.06 and a 12-month high of $91.45.

Trade Desk (NASDAQ:TTD) last announced 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 for 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. Sell-side analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current year.

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

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.