Rep. Jefferson Shreve Sells The Trade Desk, Inc. (NASDAQ:TTD) Stock

Posted by James Quigley on May 12th, 2025

Representative Jefferson Shreve (R-Indiana) recently sold shares of The Trade Desk, Inc. (NASDAQ:TTD). In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Trade Desk stock on April 7th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
Purchased $15,001 – $50,000 in shares of Ross Stores (NASDAQ:ROST) on 4/17/2025.

Trade Desk Trading Up 10.8%

Shares of TTD traded up $7.67 during trading hours on Monday, reaching $78.71. 13,088,883 shares of the stock traded hands, compared to its average volume of 5,797,009. The Trade Desk, Inc. has a 52 week low of $42.96 and a 52 week high of $141.53. The stock has a fifty day simple moving average of $54.62 and a 200 day simple moving average of $94.99. The company has a market cap of $39.05 billion, a price-to-earnings ratio of 100.91, a PEG ratio of 3.11 and a beta of 1.29.

Trade Desk (NASDAQ:TTD – Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Trade Desk had a net margin of 16.08% and a return on equity of 16.38%. The firm had revenue of $616.02 million for the quarter, compared to analysts’ expectations of $575.62 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts predict that The Trade Desk, Inc. will post 1.06 earnings per share for the current fiscal year.

Trade Desk announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that permits the company to repurchase $564.00 million in shares. This repurchase authorization permits the technology company to buy up to 0.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Guggenheim lowered their target price on shares of Trade Desk from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday. JMP Securities lowered their price target on Trade Desk from $115.00 to $100.00 and set a “market outperform” rating on the stock in a report on Friday. Oppenheimer raised their target price on shares of Trade Desk from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. Rosenblatt Securities initiated coverage on shares of Trade Desk in a research report on Tuesday, April 29th. They set a “buy” rating and a $77.00 price objective on the stock. Finally, Evercore ISI downgraded Trade Desk from an “outperform” rating to an “inline” rating and lowered their price target for the company from $135.00 to $90.00 in a research report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.88.

Check Out Our Latest Report on TTD

Hedge Funds Weigh In On Trade Desk

Several institutional investors and hedge funds have recently modified their holdings of the stock. Townsquare Capital LLC increased its position in shares of Trade Desk by 60.9% during the first quarter. Townsquare Capital LLC now owns 61,427 shares of the technology company’s stock valued at $3,361,000 after acquiring an additional 23,255 shares in the last quarter. Bristlecone Advisors LLC grew its position in Trade Desk by 94.9% in the 1st quarter. Bristlecone Advisors LLC now owns 38,625 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 18,809 shares during the period. Gagnon Securities LLC purchased a new stake in Trade Desk during the 1st quarter valued at $361,000. Deutsche Bank AG lifted its holdings in shares of Trade Desk by 17.7% during the 1st quarter. Deutsche Bank AG now owns 1,343,844 shares of the technology company’s stock valued at $73,535,000 after buying an additional 201,717 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Trade Desk by 5.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 6,978 shares of the technology company’s stock worth $394,000 after buying an additional 357 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Trade Desk

(Get Free Report)

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.