Lyell Wealth Management LP decreased its holdings in The Trade Desk (NASDAQ:TTD – Free Report) by 6.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 92,072 shares of the technology company’s stock after selling 6,267 shares during the quarter. Lyell Wealth Management LP’s holdings in Trade Desk were worth $6,628,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Trade Desk during the first quarter worth $26,000. Sound Income Strategies LLC grew its stake in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after purchasing an additional 270 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Trade Desk during the 1st quarter worth about $27,000. von Borstel & Associates Inc. acquired a new stake in Trade Desk in the 1st quarter valued at about $31,000. Finally, West Oak Capital LLC boosted its stake in shares of Trade Desk by 466.7% in the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after buying an additional 350 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the sale, the insider directly owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares in the company, valued at $242,687. The trade was a 21.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.
Trade Desk Price Performance
Trade Desk (NASDAQ:TTD – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $694.04 million during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that The Trade Desk will post 1.06 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts recently weighed in on TTD shares. Bank of America restated an “underperform” rating and set a $55.00 target price (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Moffett Nathanson cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price target for the company. in a report on Friday, August 8th. Stifel Nicolaus dropped their price objective on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. BMO Capital Markets decreased their price objective on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, BTIG Research lowered Trade Desk from a “buy” rating to a “neutral” rating in a report on Friday, August 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Trade Desk currently has an average rating of “Hold” and an average price target of $84.48.
Get Our Latest Stock Analysis on TTD
Trade Desk Company Profile
The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.
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