Carr Financial Group Corp Takes $360,000 Position in The Trade Desk $TTD

Carr Financial Group Corp bought a new stake in The Trade Desk (NASDAQ:TTD) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,995 shares of the technology company’s stock, valued at approximately $360,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Trade Desk by 3.8% in the fourth quarter. Brighton Jones LLC now owns 4,586 shares of the technology company’s stock worth $539,000 after purchasing 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. Woodline Partners LP purchased a new stake in shares of Trade Desk during the fourth quarter worth about $353,000. Vise Technologies Inc. grew its stake in shares of Trade Desk by 63.5% in the fourth quarter. Vise Technologies Inc. now owns 3,436 shares of the technology company’s stock worth $404,000 after purchasing an additional 1,334 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Trade Desk by 11.0% during the 4th quarter. Toronto Dominion Bank now owns 63,701 shares of the technology company’s stock valued at $7,487,000 after purchasing an additional 6,310 shares during the period. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TTD. JMP Securities reiterated a “market outperform” rating and issued a $100.00 price objective on shares of Trade Desk in a research report on Tuesday, June 24th. BMO Capital Markets cut their price target on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Moffett Nathanson lowered shares of Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price objective for the company. in a report on Friday, August 8th. Morgan Stanley lowered shares of Trade Desk from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $80.00 to $50.00 in a research note on Wednesday, September 10th. Finally, Evercore ISI upgraded shares of Trade Desk from an “in-line” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Friday, June 27th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Trade Desk presently has an average rating of “Hold” and a consensus price target of $87.21.

Trade Desk Price Performance

TTD opened at $46.86 on Wednesday. The firm has a market cap of $22.91 billion, a PE ratio of 56.46, a P/E/G ratio of 2.40 and a beta of 1.36. The stock has a 50-day moving average price of $62.47 and a 200-day moving average price of $63.29. The Trade Desk has a 1 year low of $42.96 and a 1 year high of $141.53.

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). The firm had revenue of $694.04 million for the quarter, compared to the consensus estimate 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 for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that The Trade Desk will post 1.06 EPS for the current year.

Insider Activity at Trade Desk

In other news, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the transaction, the director directly owned 5,035 shares of the company’s stock, valued at $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider directly 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 disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

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.