The Trade Desk $TTD Shares Sold by Eastern Bank

Eastern Bank decreased its stake in shares of The Trade Desk (NASDAQ:TTD) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,205 shares of the technology company’s stock after selling 285 shares during the quarter. Eastern Bank’s holdings in Trade Desk were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TTD. Ashton Thomas Securities LLC increased its stake in shares of Trade Desk by 2.6% in the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock worth $315,000 after acquiring an additional 144 shares during the period. Tradition Wealth Management LLC grew its position in Trade Desk by 2.4% during the 1st quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock worth $347,000 after purchasing an additional 150 shares during the period. HighMark Wealth Management LLC grew its holdings in Trade Desk by 46.2% during the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after acquiring an additional 151 shares during the period. Meiji Yasuda Life Insurance Co grew its holdings in Trade Desk by 2.8% during the first quarter. Meiji Yasuda Life Insurance Co now owns 5,857 shares of the technology company’s stock worth $320,000 after acquiring an additional 157 shares during the period. Finally, Brighton Jones LLC grew its holdings in Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after acquiring an additional 169 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Stock Down 3.2%

Shares of TTD opened at $52.36 on Monday. The stock has a market cap of $25.60 billion, a PE ratio of 63.09, a price-to-earnings-growth ratio of 2.80 and a beta of 1.38. The firm’s fifty day moving average is $53.78 and its two-hundred day moving average is $62.72. The Trade Desk has a 52-week low of $42.96 and a 52-week high of $141.53.

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

Insider Activity

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following the completion of the transaction, the insider owned 218,246 shares in the company, valued at $19,899,670.28. The trade was a 19.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Stifel Nicolaus dropped their target price on Trade Desk from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Guggenheim set a $55.00 price objective on Trade Desk and gave the company a “buy” rating in a report on Monday, September 29th. Evercore ISI raised shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Friday, June 27th. Oppenheimer lifted their price target on shares of Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Finally, Scotiabank cut their target price on shares of Trade Desk from $83.00 to $60.00 and set a “sector perform” rating for the company in a research note on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.48.

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.