Havemeyer Place LP Makes New Investment in The Trade Desk $TTD

Havemeyer Place LP purchased a new position in shares of The Trade Desk (NASDAQ:TTD) during the 4th quarter, Holdings Channel reports. The fund purchased 56,470 shares of the technology company’s stock, valued at approximately $2,144,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nicholas Company Inc. lifted its position in Trade Desk by 14.3% during the 4th quarter. Nicholas Company Inc. now owns 1,016,743 shares of the technology company’s stock worth $38,596,000 after buying an additional 127,049 shares in the last quarter. Jacobson & Schmitt Advisors LLC raised its holdings in shares of Trade Desk by 19.6% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 289,574 shares of the technology company’s stock valued at $14,192,000 after purchasing an additional 47,539 shares during the period. State of Michigan Retirement System bought a new stake in shares of Trade Desk in the 3rd quarter valued at about $5,906,000. Ashton Thomas Private Wealth LLC raised its holdings in shares of Trade Desk by 272.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 68,607 shares of the technology company’s stock valued at $2,604,000 after purchasing an additional 50,209 shares during the period. Finally, Jericho Capital Asset Management L.P. raised its holdings in shares of Trade Desk by 86.3% in the 3rd 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 purchasing an additional 1,884,000 shares during the period. 67.77% of the stock is owned by institutional investors.

Insider Activity

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $21.14, for a total transaction of $1,134,816.34. Following the transaction, the director owned 13,099 shares in the company, valued at $276,912.86. This represents a 80.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TTD shares. Morgan Stanley set a $26.00 target price on shares of Trade Desk in a report on Friday, May 8th. William Blair cut shares of Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.00 target price on shares of Trade Desk in a report on Thursday, February 26th. Weiss Ratings raised shares of Trade Desk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Finally, BMO Capital Markets dropped their target price on shares of Trade Desk from $98.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.91.

Trade Desk Stock Down 5.1%

Shares of NASDAQ:TTD opened at $19.95 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 cap of $9.38 billion, a PE ratio of 22.67, a P/E/G ratio of 0.97 and a beta of 1.05. The business has a 50 day moving average of $22.05 and a 200-day moving average of $29.00.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data 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). 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 the consensus estimate of $678.87 million. During the same quarter in the prior year, the firm earned $0.33 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that The Trade Desk will post 1.17 earnings per share for the current year.

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

Trade Desk Profile

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.