Keybank National Association OH Sells 25,965 Shares of The Trade Desk $TTD

Keybank National Association OH reduced its position in The Trade Desk (NASDAQ:TTD) by 9.3% during the second quarter, HoldingsChannel reports. The firm owned 252,394 shares of the technology company’s stock after selling 25,965 shares during the period. Keybank National Association OH’s holdings in Trade Desk were worth $18,170,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Group LLC boosted its stake in shares of Trade Desk by 2.8% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock valued at $321,000 after purchasing an additional 122 shares during the last quarter. Mutual Advisors LLC boosted its position in Trade Desk by 3.5% during the second quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock valued at $305,000 after acquiring an additional 142 shares during the last quarter. Ashton Thomas Securities LLC boosted its position in Trade Desk by 2.6% during the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock valued at $315,000 after acquiring an additional 144 shares during the last quarter. Tradition Wealth Management LLC boosted its position in Trade Desk by 2.4% during the first quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock valued at $347,000 after acquiring an additional 150 shares during the last quarter. Finally, HighMark Wealth Management LLC boosted its position in shares of Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock valued at $34,000 after purchasing an additional 151 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Trade Desk Stock Down 2.0%

Shares of TTD opened at $48.97 on Friday. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53. The business’s fifty day moving average is $50.54 and its 200 day moving average is $62.71. The stock has a market cap of $23.94 billion, a P/E ratio of 59.00, a P/E/G ratio of 2.67 and a beta of 1.38.

Trade Desk (NASDAQ:TTD) last released 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). Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The business had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, analysts expect that The Trade Desk will post 1.06 EPS for the current year.

Insider Activity

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 value of $4,676,622.20. Following the transaction, the insider owned 218,246 shares of the company’s stock, valued at approximately $19,899,670.28. This trade represents a 19.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 5,035 shares in the company, valued at $242,687. This represents a 21.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTD. Wedbush restated an “outperform” rating and set a $86.00 target price on shares of Trade Desk in a research report on Tuesday, July 15th. Oppenheimer increased their price target on Trade Desk from $80.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. KeyCorp increased their price target on Trade Desk from $80.00 to $95.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Bank of America reissued an “underperform” rating and set a $55.00 target price (down from $130.00) on shares of Trade Desk in a research note on Friday, August 8th. Finally, JMP Securities set a $60.00 target price on shares of Trade Desk and gave the stock a “market outperform” rating in a research note on Tuesday, September 30th. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trade Desk currently has a consensus rating of “Hold” and an average price target of $84.48.

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.