United Asset Strategies Inc. Purchases Shares of 10,673 The Trade Desk $TTD

United Asset Strategies Inc. purchased a new position in shares of The Trade Desk (NASDAQ:TTD) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 10,673 shares of the technology company’s stock, valued at approximately $768,000.

Several other institutional investors and hedge funds have also bought and sold shares of TTD. Forsta AP Fonden boosted its stake in shares of Trade Desk by 2.0% in the 2nd quarter. Forsta AP Fonden now owns 92,100 shares of the technology company’s stock valued at $6,630,000 after purchasing an additional 1,800 shares in the last quarter. KBC Group NV lifted its holdings in Trade Desk by 10.2% in the second quarter. KBC Group NV now owns 521,019 shares of the technology company’s stock valued at $37,508,000 after buying an additional 48,243 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Trade Desk by 14.1% in the second quarter. SBI Securities Co. Ltd. now owns 9,659 shares of the technology company’s stock valued at $695,000 after buying an additional 1,190 shares during the period. Ironwood Investment Counsel LLC bought a new stake in Trade Desk during the second quarter valued at $1,505,000. Finally, STF Management LP grew its holdings in Trade Desk by 2.1% during the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after acquiring an additional 136 shares during the period. Institutional investors own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTD. Guggenheim set a $55.00 price target on shares of Trade Desk and gave the company a “buy” rating in a research note on Monday, September 29th. JMP Securities set a $60.00 target price on shares of Trade Desk and gave the stock a “market outperform” rating in a report on Tuesday, September 30th. Truist Financial cut their price target on Trade Desk from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Royal Bank Of Canada set a $80.00 price objective on Trade Desk and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Citigroup restated an “outperform” rating on shares of Trade Desk in a report on Tuesday, September 30th. Twenty-one research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $78.33.

Insiders Place Their Bets

In other news, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk 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 transaction, the director owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is owned by corporate insiders.

Trade Desk Stock Down 0.9%

Trade Desk stock opened at $43.79 on Thursday. The firm has a 50 day moving average price of $49.17 and a 200-day moving average price of $62.54. The Trade Desk has a twelve month low of $41.77 and a twelve month high of $141.53. The company has a market capitalization of $21.41 billion, a P/E ratio of 50.33, a P/E/G ratio of 2.31 and a beta of 1.43.

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

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