Avondale Wealth Management Sells 1,000 Shares of The Trade Desk $TTD

Avondale Wealth Management cut its position in shares of The Trade Desk (NASDAQ:TTD) by 66.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 500 shares of the technology company’s stock after selling 1,000 shares during the period. Avondale Wealth Management’s holdings in Trade Desk were worth $36,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Brown Advisory Inc. lifted its holdings in shares of Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after acquiring an additional 5,387,339 shares during the period. Nuveen LLC acquired a new position in Trade Desk in the first quarter worth about $191,935,000. Vanguard Group Inc. raised its position in Trade Desk by 3.7% in the first quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after purchasing an additional 1,567,491 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Trade Desk by 255.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock worth $96,132,000 after purchasing an additional 1,262,492 shares during the period. Finally, Champlain Investment Partners LLC acquired a new stake in Trade Desk during the first quarter valued at approximately $66,948,000. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of recent research reports. HSBC reissued a “hold” rating and issued a $56.00 target price on shares of Trade Desk in a report on Monday, August 11th. Evercore ISI upgraded Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price objective for the company in a research note on Friday, June 27th. Arete Research raised Trade Desk to a “strong sell” rating in a report on Monday, July 28th. Piper Sandler lowered their target price on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 8th. Finally, Oppenheimer increased their target price on shares of Trade Desk from $80.00 to $110.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.21.

Insider Activity

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the transaction, the director directly owned 5,035 shares of the company’s stock, valued at approximately $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay R. Grant sold 51,290 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $91.18, for a total value of $4,676,622.20. Following the completion of the transaction, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This represents a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Trade Desk Trading Up 0.8%

Shares of TTD opened at $47.14 on Monday. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 56.80, a PEG ratio of 2.45 and a beta of 1.36. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The firm has a fifty day simple moving average of $60.43 and a 200 day simple moving average of $63.08.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business had revenue of $694.04 million for the quarter, compared to the consensus estimate of $686.00 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. Trade Desk has set its Q3 2025 guidance at EPS. As a group, research analysts predict that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

About Trade Desk

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.