CENTRAL TRUST Co Sells 2,089 Shares of The Trade Desk $TTD

CENTRAL TRUST Co lessened its position in shares of The Trade Desk (NASDAQ:TTD) by 13.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,011 shares of the technology company’s stock after selling 2,089 shares during the period. CENTRAL TRUST Co’s holdings in Trade Desk were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TTD. Cornerstone Wealth Group LLC increased its stake in shares of Trade Desk by 2.8% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock valued at $321,000 after acquiring an additional 122 shares in the last quarter. Mutual Advisors LLC boosted its holdings in Trade Desk by 3.5% during the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock worth $305,000 after acquiring an additional 142 shares during the last quarter. Ashton Thomas Securities LLC boosted its holdings in Trade Desk by 2.6% during the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock worth $315,000 after purchasing an additional 144 shares during the last quarter. Tradition Wealth Management LLC boosted its stake in shares of Trade Desk by 2.4% in the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock worth $347,000 after buying an additional 150 shares during the last quarter. Finally, HighMark Wealth Management LLC grew its stake in Trade Desk by 46.2% in the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after purchasing an additional 151 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the sale, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 10.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of research reports. KeyCorp increased their target price on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. HSBC reaffirmed a “hold” rating and set a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Rosenblatt Securities decreased their price target on shares of Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Piper Sandler decreased their price objective on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, August 8th. Finally, BMO Capital Markets reduced their target price on Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $78.33.

Trade Desk Trading Down 0.9%

Shares of NASDAQ:TTD opened at $43.79 on Thursday. The company has a 50-day moving average price of $49.17 and a 200-day moving average price of $62.54. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 50.33, a price-to-earnings-growth ratio of 2.31 and a beta of 1.43. The Trade Desk has a 12 month low of $41.77 and a 12 month high of $141.53.

Trade Desk (NASDAQ:TTD) last posted its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million for the quarter, compared to analysts’ expectations of $719.11 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. Trade Desk has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.