Axxcess Wealth Management LLC Trims Stock Position in The Trade Desk $TTD

Axxcess Wealth Management LLC lessened its holdings in shares of The Trade Desk (NASDAQ:TTD) by 21.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,862 shares of the technology company’s stock after selling 794 shares during the period. Axxcess Wealth Management LLC’s holdings in Trade Desk were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in Trade Desk in the first quarter valued at $26,000. Sound Income Strategies LLC boosted its position in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after acquiring an additional 270 shares during the last quarter. Cloud Capital Management LLC acquired a new position in Trade Desk during the first quarter worth about $27,000. von Borstel & Associates Inc. acquired a new position in Trade Desk in the 1st quarter valued at about $31,000. Finally, West Oak Capital LLC boosted its holdings in 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 purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.

Insider Buying and Selling at Trade Desk

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the 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 sale, the director owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the sale, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Wells Fargo & Company set a $53.00 price objective on shares of Trade Desk and gave the stock an “equal weight” rating in a report on Monday, October 6th. Jefferies Financial Group downgraded shares of Trade Desk from a “buy” rating to a “hold” rating and cut their target price for the stock from $100.00 to $50.00 in a research note on Monday, August 11th. Rosenblatt Securities reaffirmed a “buy” rating on shares of Trade Desk in a research note on Friday, August 8th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Trade Desk in a research note on Tuesday, September 30th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $84.48.

Trade Desk Trading Up 0.2%

Shares of NASDAQ:TTD opened at $49.98 on Monday. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53. The company’s 50 day moving average is $50.65 and its two-hundred day moving average is $62.58. The company has a market cap of $24.44 billion, a PE ratio of 60.22, a P/E/G ratio of 2.67 and a beta of 1.38.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The firm had revenue of $694.04 million during the quarter, compared to analysts’ expectations of $686.00 million. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk 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.