The Trade Desk $TTD Shares Sold by Eventide Asset Management LLC

by · The Cerbat Gem

Eventide Asset Management LLC decreased its holdings in The Trade Desk (NASDAQ:TTDFree Report) by 40.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 137,471 shares of the technology company’s stock after selling 95,006 shares during the quarter. Eventide Asset Management LLC’s holdings in Trade Desk were worth $5,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC grew its position in Trade Desk by 2,382.8% in the fourth 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 last quarter. Albion Financial Group UT purchased a new position in Trade Desk during the 4th quarter worth approximately $30,000. CVA Family Office LLC grew its position 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 purchased a new position in Trade Desk during the 4th quarter worth approximately $35,000. Finally, Binnacle Investments Inc purchased a new position in Trade Desk during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Price Performance

Trade Desk stock opened at $19.28 on Monday. The company’s fifty day simple moving average is $21.79 and its 200-day simple moving average is $28.21. The Trade Desk has a 12 month low of $18.31 and a 12 month high of $91.45. The stock has a market cap of $9.06 billion, a P/E ratio of 21.91, a P/E/G ratio of 0.93 and a beta of 1.05.

Trade Desk (NASDAQ:TTDGet Free Report) last posted its quarterly 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). Trade Desk had a net margin of 14.57% and a return on equity of 16.91%. The company had revenue of $688.86 million for the quarter, compared to analysts’ expectations of $678.87 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. On average, equities research analysts expect that The Trade Desk will post 1.17 earnings per share for the current fiscal year.

Trade Desk announced that its board has initiated a stock repurchase plan on Wednesday, February 25th that allows the company to repurchase $350.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity

In related news, Director Samantha Jacobson sold 53,681 shares of Trade Desk stock in a transaction on Thursday, May 28th. The shares were 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 owned 13,099 shares of the company’s stock, valued at approximately $276,912.86. The trade was a 80.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.41% of the company’s stock.

Trending Headlines about Trade Desk

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Wall Street Analysts Forecast Growth

TTD has been the topic of several research analyst reports. Scotiabank set a $20.00 price objective on shares of Trade Desk in a research report on Monday, May 11th. Rothschild & Co Redburn initiated coverage on shares of Trade Desk in a research report on Thursday, May 28th. They set a “sell” rating and a $11.00 price objective on the stock. Loop Capital cut shares of Trade Desk from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $75.00 to $25.00 in a research report on Thursday, February 26th. Piper Sandler reiterated a “neutral” rating and set a $24.00 price objective on shares of Trade Desk in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Trade Desk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.91.

Check Out Our Latest Report on TTD

About Trade Desk

(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.

Further Reading

Want to see what other hedge funds are holding TTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Trade Desk (NASDAQ:TTDFree Report).