The Trade Desk $TTD Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in shares of The Trade Desk (NASDAQ:TTD) by 48.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,731 shares of the technology company’s stock after selling 28,477 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Trade Desk were worth $1,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Trade Desk by 3.8% in the 4th quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after buying an additional 169 shares in the last quarter. Bison Wealth LLC increased its holdings 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 valued at $291,000 after purchasing an additional 485 shares during the period. Woodline Partners LP raised its stake 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 valued at $289,000 after purchasing an additional 2,269 shares in the last quarter. CWM LLC raised its stake in shares of Trade Desk by 13.3% during the second quarter. CWM LLC now owns 17,837 shares of the technology company’s stock valued at $1,284,000 after purchasing an additional 2,096 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Trade Desk by 17.5% in the second quarter. Sequoia Financial Advisors LLC now owns 14,719 shares of the technology company’s stock worth $1,060,000 after purchasing an additional 2,197 shares during the period. Institutional investors own 67.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TTD. Wall Street Zen raised shares of Trade Desk from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Bank of America lowered their price objective on shares of Trade Desk from $49.00 to $40.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 20th. Cfra restated a “hold” rating and issued a $40.00 target price on shares of Trade Desk in a research report on Tuesday, January 27th. Morgan Stanley decreased their price target on Trade Desk from $50.00 to $42.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Finally, KeyCorp reiterated an “overweight” rating and set a $40.00 price target (down from $88.00) on shares of Trade Desk in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Trade Desk presently has an average rating of “Hold” and a consensus target price of $61.45.

Trade Desk Stock Down 1.3%

TTD opened at $25.81 on Friday. The firm has a market cap of $12.48 billion, a PE ratio of 29.67, a P/E/G ratio of 1.01 and a beta of 1.10. The business has a fifty day simple moving average of $34.82 and a 200-day simple moving average of $45.49. The Trade Desk has a fifty-two week low of $25.64 and a fifty-two week high of $91.45.

Trade Desk announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 6th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.