Assenagon Asset Management S.A. Buys 2,910,064 Shares of The Trade Desk $TTD

Assenagon Asset Management S.A. grew its position in shares of The Trade Desk (NASDAQ:TTD) by 941.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,219,046 shares of the technology company’s stock after buying an additional 2,910,064 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Trade Desk were worth $73,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC boosted its holdings in Trade Desk by 2,382.8% in 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 period. Albion Financial Group UT bought a new stake in shares of Trade Desk during the 4th quarter valued at $30,000. CVA Family Office LLC lifted its holdings in 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 purchasing an additional 344 shares in the last quarter. Bayforest Capital Ltd bought a new position in Trade Desk in the 4th quarter worth about $35,000. Finally, Binnacle Investments Inc purchased a new position in Trade Desk during the 3rd quarter valued at about $37,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Trade Desk Stock Down 2.1%

NASDAQ TTD opened at $17.33 on Friday. The Trade Desk has a twelve month low of $16.98 and a twelve month high of $91.45. The firm has a market capitalization of $8.15 billion, a PE ratio of 19.69, a P/E/G ratio of 0.86 and a beta of 1.05. The stock’s 50 day moving average is $21.28 and its 200 day moving average is $26.87.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, May 7th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.24). The company had revenue of $688.86 million during the quarter, compared to the consensus estimate of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. On average, research analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current year.

Insider Buying and Selling at Trade Desk

In other Trade Desk news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. This trade represents a 80.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. New Street Research cut shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $17.00 price target on the stock. in a report on Thursday, February 26th. Oppenheimer cut Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. Rosenblatt Securities cut their price objective on Trade Desk from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Morgan Stanley set a $26.00 target price on shares of Trade Desk in a research note on Friday, May 8th. Finally, Evercore set a $27.00 price target on shares of Trade Desk in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.91.

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.