83,027 Shares in The Trade Desk $TTD Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in The Trade Desk (NASDAQ:TTD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 83,027 shares of the technology company’s stock, valued at approximately $3,152,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Elevation Wealth Partners LLC boosted its stake in shares of Trade Desk by 2,382.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock valued at $27,000 after purchasing an additional 691 shares in the last quarter. Binnacle Investments Inc purchased a new position in Trade Desk in the 3rd quarter worth $37,000. Y.D. More Investments Ltd raised its position in Trade Desk by 92.2% in the 3rd quarter. Y.D. More Investments Ltd now owns 769 shares of the technology company’s stock worth $38,000 after purchasing an additional 369 shares during the period. Albion Financial Group UT bought a new stake in Trade Desk in the fourth quarter worth $30,000. Finally, Caitlin John LLC purchased a new stake in Trade Desk during the third quarter valued at about $41,000. 67.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TTD shares. William Blair downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. KeyCorp lowered Trade Desk from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 8th. Piper Sandler reiterated a “neutral” rating and issued a $24.00 price objective on shares of Trade Desk in a research report on Friday, May 8th. Weiss Ratings cut shares of Trade Desk from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Finally, Evercore set a $27.00 target price on shares of Trade Desk in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Trade Desk has a consensus rating of “Hold” and an average price target of $33.91.

Trade Desk Price Performance

TTD opened at $18.51 on Friday. The Trade Desk has a one year low of $17.77 and a one year high of $91.45. The business has a 50 day simple moving average of $21.55 and a two-hundred day simple moving average of $27.64. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 0.88 and a beta of 1.05.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.08 earnings per share 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 business had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. Trade Desk’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that The Trade Desk will post 1.17 EPS for the current fiscal year.

Trade Desk announced that its board has approved a stock buyback program on Wednesday, February 25th that authorizes the company to repurchase $350.00 million in shares. This repurchase authorization authorizes the technology company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $21.14, for a total value of $1,134,816.34. Following the completion of the sale, the director owned 13,099 shares of the company’s stock, valued at $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.41% of the stock is owned by insiders.

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.