The Trade Desk $TTD Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in The Trade Desk (NASDAQ:TTD) by 43.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 371,466 shares of the technology company’s stock after buying an additional 112,663 shares during the quarter. Pacer Advisors Inc.’s holdings in Trade Desk were worth $8,429,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TTD. Brighton Jones LLC raised its position in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after purchasing an additional 169 shares in the last quarter. Bison Wealth LLC grew its position in shares of Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock worth $291,000 after buying an additional 485 shares in the last quarter. Woodline Partners LP grew its position in shares of Trade Desk by 75.5% during the first quarter. Woodline Partners LP now owns 5,275 shares of the technology company’s stock worth $289,000 after buying an additional 2,269 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Trade Desk by 46.6% during the second quarter. Cerity Partners LLC now owns 59,785 shares of the technology company’s stock worth $4,304,000 after buying an additional 19,015 shares during the period. Finally, AXA S.A. increased its stake in shares of Trade Desk by 14.7% during the second quarter. AXA S.A. now owns 42,819 shares of the technology company’s stock worth $3,083,000 after buying an additional 5,487 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $19.34 on Wednesday. The firm’s fifty day simple moving average is $19.11 and its 200-day simple moving average is $23.10. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 0.89 and a beta of 1.04. The Trade Desk has a 12 month low of $16.70 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 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.24). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The business had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. During the same period in the previous year, the company posted $0.33 earnings per share. Trade Desk’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts anticipate that The Trade Desk will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TTD shares. Benchmark restated a “buy” rating on shares of Trade Desk in a report on Monday. Oppenheimer downgraded shares of Trade Desk from an “outperform” rating to a “market perform” rating in a research note on Friday, May 8th. Evercore set a $27.00 target price on Trade Desk in a report on Friday, May 8th. Arete Research set a $11.60 price target on Trade Desk and gave the company a “sell” rating in a research note on Tuesday, June 30th. Finally, Scotiabank set a $20.00 price target on Trade Desk in a research note on Monday, May 11th. One investment 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 given a Sell rating to the stock. According to data from MarketBeat, Trade Desk presently has an average rating of “Hold” and a consensus target price of $31.50.

Insiders Place Their Bets

In other news, Director Samantha Jacobson sold 53,681 shares of the firm’s stock in a transaction that occurred 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 directly owned 13,099 shares of the company’s stock, valued at $276,912.86. This trade represents a 80.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.41% of the company’s stock.

Trade Desk Company 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.