Prostatis Group LLC Makes New Investment in The Trade Desk $TTD

Prostatis Group LLC bought a new position in shares of The Trade Desk (NASDAQ:TTD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,414 shares of the technology company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in Trade Desk by 317.6% during the second quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after acquiring an additional 270 shares during the last quarter. West Oak Capital LLC lifted its stake in Trade Desk by 466.7% during the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after acquiring an additional 350 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Trade Desk during the 1st quarter valued at about $26,000. HighMark Wealth Management LLC boosted its holdings in 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 acquiring an additional 151 shares during the period. Finally, Vermillion Wealth Management Inc. boosted its holdings in Trade Desk by 400.0% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock valued at $36,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.

Trade Desk Trading Down 3.2%

NASDAQ:TTD opened at $52.36 on Monday. The firm has a market cap of $25.60 billion, a PE ratio of 63.09, a price-to-earnings-growth ratio of 2.80 and a beta of 1.38. The stock has a fifty day moving average price of $53.78 and a 200 day moving average price of $62.72. The Trade Desk has a 12-month low of $42.96 and a 12-month high of $141.53.

Trade Desk (NASDAQ:TTD) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.24). The business had revenue of $694.04 million for 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%.The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. Equities analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Insider Transactions at Trade Desk

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of Trade Desk stock in a transaction dated 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 completion of the sale, the insider directly owned 218,246 shares of the company’s stock, valued at $19,899,670.28. The trade was a 19.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total value of $67,624.60. Following the sale, 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 disclosure for this sale can be found here. 10.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TTD has been the subject of a number of research analyst reports. Bank of America restated an “underperform” rating and set a $55.00 target price (down from $130.00) on shares of Trade Desk in a report on Friday, August 8th. KeyCorp raised their target price on Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Piper Sandler lowered their target price on Trade Desk from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Arete Research upgraded Trade Desk to a “strong sell” rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada decreased their target price on Trade Desk from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.48.

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.