The Trade Desk $TTD Shares Sold by Commonwealth Equity Services LLC

by · The Cerbat Gem

Commonwealth Equity Services LLC reduced its stake in shares of The Trade Desk (NASDAQ:TTD – Free Report) by 14.9% in the 4th quarter, HoldingsChannel reports. The firm owned 183,138 shares of the technology company’s stock after selling 32,114 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Trade Desk were worth $6,952,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Elevation Wealth Partners LLC raised its position in shares of Trade Desk by 2,382.8% during the 4th quarter. Elevation Wealth Partners LLC now owns 720 shares of the technology company’s stock worth $27,000 after purchasing an additional 691 shares during the last quarter. Albion Financial Group UT acquired a new position in shares of Trade Desk during the 4th quarter worth approximately $30,000. CVA Family Office LLC raised its holdings in Trade Desk by 62.1% in the 4th quarter. CVA Family Office LLC now owns 898 shares of the technology company’s stock valued at $34,000 after acquiring an additional 344 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Trade Desk in the 4th quarter valued at $35,000. Finally, Binnacle Investments Inc acquired a new position in Trade Desk in the 3rd quarter valued at $37,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Trade Desk Trading Down 5.1%

Shares of TTD opened at $19.95 on Friday. The firm has a market capitalization of $9.38 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The stock’s fifty day simple moving average is $22.05 and its 200 day simple moving average is $29.00. The Trade Desk has a twelve month low of $19.74 and a twelve month high of $91.45.

Trade Desk (NASDAQ:TTD – Get Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.24). The firm had revenue of $688.86 million during the quarter, compared to analysts’ expectations of $678.87 million. Trade Desk had a return on equity of 16.91% and a net margin of 14.57%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. Sell-side analysts predict that The Trade Desk will post 1.17 earnings per share for the current year.

Trade Desk declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 25th that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. KeyCorp downgraded Trade Desk from an “overweight” rating to a “sector weight” rating in a report on Friday, May 8th. Evercore set a $27.00 price target on Trade Desk in a report on Friday, May 8th. Wells Fargo & Company set a $20.00 price target on Trade Desk and gave the company an “equal weight” rating in a report on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Trade Desk in a report on Friday, May 8th. Finally, William Blair downgraded Trade Desk from an “outperform” rating to a “market perform” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.91.

Get Our Latest Analysis on TTD

Insider Buying and Selling at Trade Desk

In related news, Director Samantha Jacobson sold 53,681 shares of the 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 11.41% of the company’s stock.

Trade Desk Profile

(Free Report)

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.

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