Harbour Investments Inc. Reduces Stock Position in The Trade Desk $TTD

Harbour Investments Inc. cut its stake in The Trade Desk (NASDAQ:TTD) by 17.4% in the second quarter, Holdings Channel.com reports. The firm owned 2,053 shares of the technology company’s stock after selling 433 shares during the quarter. Harbour Investments Inc.’s holdings in Trade Desk were worth $148,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. LaFleur & Godfrey LLC purchased a new stake in shares of Trade Desk in the second quarter valued at approximately $5,029,000. Congress Park Capital LLC grew its position in shares of Trade Desk by 13.2% in the second quarter. Congress Park Capital LLC now owns 53,781 shares of the technology company’s stock valued at $3,872,000 after purchasing an additional 6,257 shares in the last quarter. Swedbank AB grew its position in shares of Trade Desk by 32.2% in the second quarter. Swedbank AB now owns 552,260 shares of the technology company’s stock valued at $39,757,000 after purchasing an additional 134,620 shares in the last quarter. First Bank & Trust grew its position in shares of Trade Desk by 137.6% in the second quarter. First Bank & Trust now owns 23,166 shares of the technology company’s stock valued at $1,668,000 after purchasing an additional 13,418 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in Trade Desk in the second quarter worth approximately $845,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Scotiabank lowered their price objective on Trade Desk from $83.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, August 8th. BMO Capital Markets lowered their price objective on Trade Desk from $115.00 to $98.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Arete Research upgraded Trade Desk to a “strong sell” rating in a research report on Monday, July 28th. BTIG Research lowered Trade Desk from a “buy” rating to a “neutral” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus lowered their price objective on Trade Desk from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $84.48.

Trade Desk Stock Down 0.1%

TTD opened at $53.89 on Thursday. The Trade Desk has a 52 week low of $42.96 and a 52 week high of $141.53. The business has a fifty day simple moving average of $50.64 and a 200-day simple moving average of $62.51. The firm has a market cap of $26.35 billion, a P/E ratio of 64.93, a P/E/G ratio of 2.88 and a beta of 1.38.

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

Insider Buying and Selling at Trade Desk

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

Trade Desk Company Profile

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.