IFP Advisors Inc Sells 1,902 Shares of The Trade Desk $TTD

IFP Advisors Inc cut its stake in shares of The Trade Desk (NASDAQ:TTD) by 15.0% during the 2nd quarter, Holdings Channel reports. The fund owned 10,737 shares of the technology company’s stock after selling 1,902 shares during the period. IFP Advisors Inc’s holdings in Trade Desk were worth $799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after acquiring an additional 270 shares in the last quarter. West Oak Capital LLC boosted its stake in Trade Desk by 466.7% during the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after acquiring an additional 350 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Trade Desk during the first quarter worth $26,000. HighMark Wealth Management LLC boosted its stake 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 in the last quarter. Finally, Vermillion Wealth Management Inc. boosted its stake in Trade Desk by 400.0% during the second quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the firm’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 transaction, the insider directly owned 218,246 shares of the company’s stock, valued at $19,899,670.28. This trade represents a 19.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director owned 5,035 shares of the company’s stock, valued at $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is owned by company insiders.

Trade Desk Price Performance

TTD opened at $51.28 on Tuesday. The company’s 50-day moving average is $53.01 and its 200 day moving average is $62.69. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm has a market capitalization of $25.07 billion, a P/E ratio of 61.78, a PEG ratio of 2.80 and a beta of 1.38.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on TTD shares. Arete Research raised shares of Trade Desk to a “strong sell” rating in a research note on Monday, July 28th. Jefferies Financial Group lowered shares of Trade Desk from a “buy” rating to a “hold” rating and dropped their price objective for the company from $100.00 to $50.00 in a research note on Monday, August 11th. Hsbc Global Res lowered shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Piper Sandler dropped their price objective on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Finally, Oppenheimer raised their price objective 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. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.