Teachers Retirement System of The State of Kentucky Cuts Holdings in The Trade Desk $TTD

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of The Trade Desk (NASDAQ:TTD) by 87.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,000 shares of the technology company’s stock after selling 204,987 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Trade Desk were worth $1,139,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Rakuten Securities Inc. increased its holdings in Trade Desk by 12.3% during the fourth quarter. Rakuten Securities Inc. now owns 9,441 shares of the technology company’s stock valued at $358,000 after buying an additional 1,031 shares during the period. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Trade Desk during the fourth quarter valued at approximately $278,000. GraniteShares Advisors LLC increased its holdings in Trade Desk by 27.0% during the fourth quarter. GraniteShares Advisors LLC now owns 13,121 shares of the technology company’s stock valued at $498,000 after buying an additional 2,786 shares during the period. Warm Springs Advisors Inc. increased its holdings in Trade Desk by 23.4% during the fourth quarter. Warm Springs Advisors Inc. now owns 52,800 shares of the technology company’s stock valued at $2,004,000 after buying an additional 10,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Trade Desk by 235.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 588,250 shares of the technology company’s stock valued at $22,330,000 after buying an additional 412,842 shares during the period. 67.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TTD shares. Rosenblatt Securities reissued a “neutral” rating and set a $25.00 price objective (down from $36.00) on shares of Trade Desk in a report on Wednesday, March 18th. Scotiabank reissued a “sector perform” rating and set a $32.00 price objective (down from $60.00) on shares of Trade Desk in a report on Thursday, February 26th. Wells Fargo & Company cut their price objective on shares of Trade Desk from $25.00 to $24.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Trade Desk in a report on Friday, April 24th. Finally, Arete Research raised shares of Trade Desk from a “sell” rating to a “neutral” rating and set a $25.00 price objective on the stock in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Hold” and an average price target of $41.38.

Trade Desk Stock Up 4.9%

Shares of Trade Desk stock opened at $24.37 on Thursday. The firm has a market capitalization of $11.60 billion, a P/E ratio of 27.08, a PEG ratio of 0.92 and a beta of 1.18. The company has a 50 day moving average price of $23.81 and a 200 day moving average price of $33.73. The Trade Desk has a 52 week low of $19.74 and a 52 week high of $91.45.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings data on Wednesday, February 25th. The technology company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. Trade Desk had a net margin of 15.31% and a return on equity of 16.89%. The business had revenue of $846.79 million during the quarter, compared to the consensus estimate of $840.56 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts anticipate that The Trade Desk will post 1.27 earnings per share for the current fiscal year.

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

Insider Transactions at Trade Desk

In related news, Director Kathryn E. Falberg sold 102,828 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $30.45, for a total transaction of $3,131,112.60. Following the completion of the transaction, the director directly owned 1,946 shares in the company, valued at $59,255.70. The trade was a 98.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.41% of the stock is owned by corporate 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.