Meridian Wealth Management LLC Acquires Shares of 32,542 The Trade Desk $TTD

Meridian Wealth Management LLC acquired a new stake in The Trade Desk (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 32,542 shares of the technology company’s stock, valued at approximately $1,235,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Nicholas Company Inc. increased its stake in shares of Trade Desk by 14.3% during the fourth quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock valued at $38,596,000 after buying an additional 127,049 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Trade Desk by 62.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,743 shares of the technology company’s stock valued at $8,515,000 after buying an additional 66,672 shares during the period. Jacobson & Schmitt Advisors LLC increased its stake in shares of Trade Desk by 19.6% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after buying an additional 47,539 shares during the period. State of Michigan Retirement System purchased a new position in shares of Trade Desk during the third quarter valued at approximately $5,906,000. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Trade Desk by 272.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock valued at $2,604,000 after buying an additional 50,209 shares during the period. Institutional investors own 67.77% of the company’s stock.

Insiders Place Their Bets

In other Trade Desk news, Director Kathryn E. Falberg sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $30.48, for a total transaction of $1,524,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.41% of the company’s stock.

More Trade Desk News

Here are the key news stories impacting Trade Desk this week:

• Positive Sentiment: Recent commentary pointed to stronger demand trends, including a surge in JBP deals and rising ad-spend commitments, which suggests some brands are still leaning into data-driven advertising. Article Title
• Positive Sentiment: Trade Desk’s latest quarter still showed year-over-year revenue growth, indicating the business is expanding despite a tougher advertising environment. Article Title
• Neutral Sentiment: The stock is drawing heavy trader and investor attention, with multiple articles highlighting whether TTD is a buy after the recent earnings miss. Article Title
• Neutral Sentiment: Technical coverage says the shares are struggling to reclaim lost ground and are trading well below major trend lines, reinforcing a bearish chart setup. Article Title
• Negative Sentiment: Investors remain focused on Trade Desk’s recent earnings miss and softer-than-expected revenue guidance, which raised concerns about slowing growth. Article Title
• Negative Sentiment: Analyst downgrades have added to the pressure on TTD, signaling that Wall Street is becoming more cautious on the near-term outlook. Article Title

Trade Desk Stock Down 3.1%

Shares of TTD stock opened at $20.49 on Thursday. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 0.98 and a beta of 1.10. The business’s fifty day moving average is $23.51 and its 200 day moving average is $31.96. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.Trade Desk’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. Equities research analysts expect that The Trade Desk will post 1.23 earnings per share for the current fiscal year.

Trade Desk declared that its board has authorized a share repurchase plan on Wednesday, February 25th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

TTD has been the topic of several research analyst reports. Royal Bank Of Canada set a $33.00 target price on Trade Desk and gave the company an “outperform” rating in a research note on Friday, May 8th. Oppenheimer cut Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Wedbush set a $21.00 target price on Trade Desk and gave the company a “neutral” rating in a research note on Friday, May 8th. Guggenheim reduced their target price on Trade Desk from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Moffett Nathanson reissued a “neutral” rating and set a $32.00 target price on shares of Trade Desk in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Trade Desk has a consensus rating of “Hold” and a consensus target price of $36.29.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.