103,125 Shares in The Trade Desk $TTD Bought by Calamos Advisors LLC

Calamos Advisors LLC bought a new position in shares of The Trade Desk (NASDAQ:TTD) during the 2nd quarter, Holdings Channel.com reports. The firm bought 103,125 shares of the technology company’s stock, valued at approximately $7,424,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cornerstone Wealth Group LLC boosted its stake in shares of Trade Desk by 2.8% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after acquiring an additional 122 shares in the last quarter. STF Management LP lifted its holdings in Trade Desk by 2.1% in the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after purchasing an additional 136 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 worth $305,000 after purchasing an additional 142 shares during the period. Ashton Thomas Securities LLC grew its holdings 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 purchasing an additional 144 shares during the last quarter. Finally, Tradition Wealth Management LLC raised its position in shares of Trade Desk by 2.4% in the first quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock valued at $347,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTD shares. Piper Sandler decreased their price objective on shares of Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Wall Street Zen upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. KeyCorp raised their price target on Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Truist Financial cut their price objective on Trade Desk from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Wells Fargo & Company lowered their target price on Trade Desk from $53.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Twenty-one research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $78.33.

Insider Buying and Selling

In related news, Director Andrea Lee Cunningham sold 1,403 shares of the firm’s 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 transaction, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.00% of the stock is currently owned by company insiders.

Trade Desk Stock Performance

NASDAQ TTD opened at $42.87 on Friday. The Trade Desk has a twelve month low of $41.77 and a twelve month high of $141.53. The stock has a market cap of $20.96 billion, a PE ratio of 49.28, a PEG ratio of 2.28 and a beta of 1.43. The firm has a 50-day simple moving average of $48.99 and a 200 day simple moving average of $62.41.

Trade Desk (NASDAQ:TTD) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The firm had revenue of $739.43 million during the quarter, compared to analysts’ expectations of $719.11 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Trade Desk has set its Q4 2025 guidance at EPS. Research analysts forecast that The Trade Desk will post 1.06 earnings per share for the current fiscal year.

Trade Desk declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.