Correct Capital Wealth Management Increases Stake in The Trade Desk $TTD

Correct Capital Wealth Management increased its holdings in shares of The Trade Desk (NASDAQ:TTD) by 26.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 11,494 shares of the technology company’s stock after acquiring an additional 2,400 shares during the period. Correct Capital Wealth Management’s holdings in Trade Desk were worth $827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in shares of Trade Desk in the 1st quarter valued at about $26,000. Sound Income Strategies LLC raised its position 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 buying an additional 270 shares during the last quarter. West Oak Capital LLC lifted its holdings 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. HighMark Wealth Management LLC lifted its stake in shares of 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. Finally, Vermillion Wealth Management Inc. grew its position in shares of Trade Desk by 400.0% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock valued at $36,000 after acquiring an additional 400 shares during the period. 67.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Trade Desk news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the sale, the director owned 5,035 shares in the company, valued at approximately $242,687. The trade was a 21.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by company insiders.

Trade Desk Price Performance

Shares of NASDAQ TTD opened at $39.09 on Wednesday. The company has a market capitalization of $18.90 billion, a price-to-earnings ratio of 44.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.43. The Trade Desk has a 1 year low of $38.22 and a 1 year high of $141.53. The business has a 50-day moving average of $47.70 and a two-hundred day moving average of $61.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The business had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’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, equities research analysts expect that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has authorized a share buyback program on Thursday, November 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on TTD shares. Jefferies Financial Group cut shares of Trade Desk from a “buy” rating to a “hold” rating and dropped their price target for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Bank of America reaffirmed an “underperform” rating and issued a $55.00 price target (down previously from $130.00) on shares of Trade Desk in a report on Friday, August 8th. Wedbush reaffirmed a “neutral” rating and set a $50.00 target price on shares of Trade Desk in a research note on Friday, November 7th. Rosenblatt Securities reduced their target price on Trade Desk from $78.00 to $64.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Oppenheimer boosted their price target on shares of Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.19.

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.