The Trade Desk $TTD Shares Purchased by Nicholas Company Inc.

Nicholas Company Inc. boosted its position in The Trade Desk (NASDAQ:TTD) by 14.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,016,743 shares of the technology company’s stock after acquiring an additional 127,049 shares during the quarter. Nicholas Company Inc.’s holdings in Trade Desk were worth $38,596,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Trade Desk by 27.7% in the third quarter. Vanguard Group Inc. now owns 56,875,852 shares of the technology company’s stock valued at $2,787,486,000 after acquiring an additional 12,321,000 shares in the last quarter. State Street Corp raised its holdings in Trade Desk by 271.1% in the third quarter. State Street Corp now owns 36,354,274 shares of the technology company’s stock valued at $1,781,723,000 after acquiring an additional 26,559,005 shares in the last quarter. Invesco Ltd. raised its holdings in Trade Desk by 101.0% in the third quarter. Invesco Ltd. now owns 6,807,971 shares of the technology company’s stock valued at $333,659,000 after acquiring an additional 3,421,074 shares in the last quarter. Jericho Capital Asset Management L.P. raised its holdings in Trade Desk by 86.3% in the third quarter. Jericho Capital Asset Management L.P. now owns 4,067,000 shares of the technology company’s stock valued at $199,324,000 after acquiring an additional 1,884,000 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Trade Desk by 34.3% in the third quarter. Northern Trust Corp now owns 3,893,963 shares of the technology company’s stock valued at $190,843,000 after acquiring an additional 993,739 shares in the last quarter. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk News Roundup

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

• Positive Sentiment: Benchmark, Guggenheim, Needham, and other firms kept bullish ratings on TTD even after cutting price targets, suggesting analysts still see upside from current levels. Benchmark price target cut article
• Positive Sentiment: Despite the selloff, revenue growth remained solid, helped by AI-related launches, strategic partnerships, and continued strength in connected TV advertising. Zacks earnings article
• Neutral Sentiment: Trade Desk also held its annual stockholder meeting and approved directors and governance matters, which is not likely to move the stock much. Stockholder approval article
• Negative Sentiment: Multiple firms downgraded or cut targets after the weak guide, reinforcing concerns that ad-tech demand is slowing and agency-client uncertainty is weighing on the business. Analyst downgrades article
• Negative Sentiment: Commentary from Jim Cramer and other market coverage highlighted Trade Desk as a lagging name in digital advertising after the earnings miss, adding to bearish sentiment. Cramer red flag article

Insider Activity

In other news, Director Kathryn E. Falberg sold 102,828 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the transaction, the director directly owned 1,946 shares in the company, valued at approximately $59,255.70. This trade represents a 98.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.41% of the company’s stock.

Trade Desk Trading Down 0.3%

Shares of TTD opened at $23.00 on Monday. The firm has a market cap of $10.95 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10. The company’s 50 day simple moving average is $23.73 and its 200-day simple moving average is $32.86. The Trade Desk has a 12-month low of $19.74 and a 12-month high of $91.45.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). The business had revenue of $688.86 million for 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%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. As a group, equities research analysts forecast that The Trade Desk will post 1.27 EPS 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 repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Rosenblatt Securities dropped their price target on shares of Trade Desk from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday. Stifel Nicolaus set a $21.00 price target on shares of Trade Desk in a research note on Friday. Needham & Company LLC dropped their price target on shares of Trade Desk from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday. Evercore set a $27.00 price target on shares of Trade Desk in a research note on Friday. Finally, Morgan Stanley set a $26.00 price target on shares of Trade Desk in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $37.79.

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.