Brookstone Capital Management Purchases 1,275 Shares of The Trade Desk $TTD

Brookstone Capital Management grew its position in shares of The Trade Desk (NASDAQ:TTD) by 32.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,183 shares of the technology company’s stock after acquiring an additional 1,275 shares during the period. Brookstone Capital Management’s holdings in Trade Desk were worth $373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTD. Brighton Jones LLC raised its stake in shares of Trade Desk by 3.8% during the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock valued at $539,000 after acquiring an additional 169 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Trade Desk by 24.3% during the fourth quarter. Bison Wealth LLC now owns 2,480 shares of the technology company’s stock valued at $291,000 after acquiring an additional 485 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Trade Desk by 59.3% during the first quarter. Bessemer Group Inc. now owns 12,930 shares of the technology company’s stock valued at $708,000 after acquiring an additional 4,811 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of Trade Desk by 133.0% during the first quarter. Perigon Wealth Management LLC now owns 13,003 shares of the technology company’s stock valued at $712,000 after acquiring an additional 7,422 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Trade Desk by 8.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,000,184 shares of the technology company’s stock valued at $109,450,000 after acquiring an additional 156,703 shares during the last quarter. 67.77% of the stock is owned by institutional investors.

Insider Activity at Trade Desk

In other Trade Desk 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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TTD shares. Wells Fargo & Company set a $53.00 price target on shares of Trade Desk and gave the company an “equal weight” rating in a research report on Monday, October 6th. Guggenheim set a $55.00 price target on shares of Trade Desk and gave the company a “buy” rating in a research report on Monday, September 29th. Rosenblatt Securities reiterated a “buy” rating on shares of Trade Desk in a research report on Friday, August 8th. Jefferies Financial Group cut shares of Trade Desk from a “buy” rating to a “hold” rating and reduced their price target for the company from $100.00 to $50.00 in a research report on Monday, August 11th. Finally, HSBC reiterated a “hold” rating and set a $56.00 price target on shares of Trade Desk in a research report on Monday, August 11th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.48.

Trade Desk Stock Performance

Shares of TTD opened at $53.61 on Tuesday. The stock has a market cap of $26.21 billion, a PE ratio of 64.59, a price-to-earnings-growth ratio of 2.78 and a beta of 1.38. The Trade Desk has a fifty-two week low of $42.96 and a fifty-two week high of $141.53. The firm’s 50-day simple moving average is $50.68 and its two-hundred day simple moving average is $62.78.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings data 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). The business had revenue of $694.04 million during the quarter, compared to analysts’ expectations of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.Trade Desk’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. Equities research analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk 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.