Rep. Jefferson Shreve Sells The Trade Desk, Inc. (NASDAQ:TTD) Shares

Posted by John Perry on May 12th, 2025

Representative Jefferson Shreve (R-Indiana) recently sold shares of The Trade Desk, Inc. (NASDAQ:TTD). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Trade Desk stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Trade Desk Price Performance

TTD stock opened at $71.04 on Monday. The firm has a market capitalization of $35.24 billion, a PE ratio of 91.08, a price-to-earnings-growth ratio of 3.11 and a beta of 1.29. The business has a 50 day simple moving average of $54.62 and a 200-day simple moving average of $94.99. The Trade Desk, Inc. has a 1 year low of $42.96 and a 1 year high of $141.53.

Trade Desk (NASDAQ:TTD – Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The firm had revenue of $616.02 million during the quarter, compared to analysts’ expectations of $575.62 million. During the same period in the previous year, the company earned $0.26 earnings per share. Trade Desk’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, equities research analysts expect that The Trade Desk, Inc. will post 1.06 EPS for the current year.

Trade Desk announced that its board has approved a share buyback plan on Wednesday, February 12th that allows the company to repurchase $564.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citizens Jmp decreased their price target on Trade Desk from $115.00 to $100.00 and set an “outperform” rating for the company in a report on Friday. DA Davidson reduced their price objective on Trade Desk from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday. Royal Bank of Canada cut their price target on Trade Desk from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Robert W. Baird cut their price target on Trade Desk from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, Benchmark raised Trade Desk from a “sell” rating to a “hold” rating in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, Trade Desk currently has a consensus rating of “Moderate Buy” and an average target price of $98.88.

Read Our Latest Report on Trade Desk

Institutional Trading of Trade Desk

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after acquiring an additional 1,567,491 shares in the last quarter. Brown Advisory Inc. increased its position in Trade Desk by 198.4% during the first quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after buying an additional 5,387,339 shares in the last quarter. Invesco Ltd. increased its stake in Trade Desk by 2.6% in the fourth quarter. Invesco Ltd. now owns 7,916,932 shares of the technology company’s stock valued at $930,477,000 after purchasing an additional 198,822 shares during the last quarter. Norges Bank acquired a new stake in shares of Trade Desk in the fourth quarter worth $524,187,000. Finally, FMR LLC increased its holdings in Trade Desk by 44.8% during the 4th quarter. FMR LLC now owns 3,788,285 shares of the technology company’s stock worth $445,237,000 after purchasing an additional 1,172,082 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

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Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Trade Desk

(Get Free Report)

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.