The Trade Desk $TTD Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its position in shares of The Trade Desk (NASDAQ:TTD) by 19.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156,951 shares of the technology company’s stock after buying an additional 25,374 shares during the quarter. Handelsbanken Fonder AB’s holdings in Trade Desk were worth $5,958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Trade Desk during the 3rd quarter worth $26,000. Elevation Wealth Partners LLC raised its stake in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after buying an additional 691 shares during the last quarter. Albion Financial Group UT acquired a new position in shares of Trade Desk during the 4th quarter worth $30,000. CVA Family Office LLC raised its stake in shares of Trade Desk by 62.1% during the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock worth $34,000 after buying an additional 344 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Trade Desk during the 4th quarter worth $35,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $22.38 on Friday. The Trade Desk has a 12-month low of $19.74 and a 12-month high of $91.45. The stock has a market capitalization of $10.52 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.03 and a beta of 1.10. The firm’s 50-day moving average is $22.65 and its two-hundred day moving average is $30.64.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.24). Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The firm had revenue of $688.86 million for the quarter, compared to analyst estimates of $678.87 million. During the same period in the prior year, the business earned $0.33 earnings per share. Trade Desk’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, analysts forecast that The Trade Desk will post 1.17 EPS for the current year.

Trade Desk declared that its board has authorized a share buyback program on Wednesday, February 25th that authorizes the company to buyback $350.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Needham & Company LLC cut their target price on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Oppenheimer cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Piper Sandler reaffirmed a “neutral” rating and set a $24.00 price target on shares of Trade Desk in a research note on Friday, May 8th. Guggenheim decreased their price target on shares of 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, Jefferies Financial Group reaffirmed a “hold” rating on shares of Trade Desk in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.61.

Insider Transactions at Trade Desk

In related news, Director Kathryn E. Falberg sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.48, for a total value of $1,524,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.41% of the company’s stock.

Key Headlines Impacting Trade Desk

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

• Positive Sentiment: The Trade Desk is expanding its retail media strategy through its Audience Unlimited product, which uses proprietary retail data to improve targeting and measurement; early tests reportedly lowered CPMs and boosted conversions, supporting the company’s long-term competitive position. Trade Desk Retail Media Shift And Audience Unlimited Add New Angle
• Positive Sentiment: Another report argues The Trade Desk may be undervalued after recent weakness, suggesting the selloff could create a buying opportunity for investors who remain confident in its longer-term growth story. The Trade Desk: The Best Time To Buy Is When Others Continue To Ignore
• Positive Sentiment: Wall Street remains moderately optimistic about The Trade Desk’s long-term growth prospects despite its weak stock performance over the past year. The Trade Desk Stock Outlook: Is Wall Street Bullish or Bearish

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.