OP Asset Management Ltd Makes New Investment in The Trade Desk $TTD

OP Asset Management Ltd bought a new stake in The Trade Desk (NASDAQ:TTD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 43,680 shares of the technology company’s stock, valued at approximately $991,000.

A number of other institutional investors have also modified their holdings of TTD. Nicholas Company Inc. lifted its position in Trade Desk by 14.3% in the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after purchasing an additional 127,049 shares during the period. Ashton Thomas Private Wealth LLC increased its position in Trade Desk by 272.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock worth $2,604,000 after purchasing an additional 50,209 shares during the period. Jericho Capital Asset Management L.P. raised its stake 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 worth $199,324,000 after buying an additional 1,884,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Trade Desk by 235.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock worth $22,330,000 after buying an additional 412,842 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Trade Desk by 21.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 308,982 shares of the technology company’s stock valued at $11,729,000 after buying an additional 54,037 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Insider Activity at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.14, for a total value of $1,134,816.34. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTD. Piper Sandler restated a “neutral” rating and issued a $24.00 price target on shares of Trade Desk in a research note on Friday, May 8th. Stifel Nicolaus set a $21.00 target price on shares of Trade Desk in a research report on Friday, May 8th. Wedbush set a $21.00 price target on shares of Trade Desk and gave the stock a “neutral” rating in a research note on Friday, May 8th. Guggenheim cut their price target on shares of Trade Desk from $28.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Truist Financial set a $35.00 price objective on shares of Trade Desk and gave the company a “buy” rating in a research note 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 given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Trade Desk presently has a consensus rating of “Hold” and a consensus target price of $33.91.

Trade Desk Stock Performance

Shares of TTD stock opened at $18.65 on Tuesday. The stock has a fifty day moving average price of $21.11 and a 200 day moving average price of $26.58. The stock has a market cap of $8.77 billion, a PE ratio of 21.19, a P/E/G ratio of 0.89 and a beta of 1.05. The Trade Desk has a 1 year low of $16.98 and a 1 year high of $91.45.

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

Trade Desk Company 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.