NorthRock Partners LLC Has $261,000 Stock Position in The Trade Desk $TTD

NorthRock Partners LLC lowered its position in shares of The Trade Desk (NASDAQ:TTD) by 14.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,626 shares of the technology company’s stock after selling 598 shares during the period. NorthRock Partners LLC’s holdings in Trade Desk were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTD. Brown Advisory Inc. grew its position in Trade Desk by 198.4% during the 1st quarter. Brown Advisory Inc. now owns 8,102,294 shares of the technology company’s stock worth $443,358,000 after acquiring an additional 5,387,339 shares during the last quarter. Nuveen LLC bought a new stake in Trade Desk during the 1st quarter worth $191,935,000. Vanguard Group Inc. grew its position in Trade Desk by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 44,237,745 shares of the technology company’s stock worth $2,420,689,000 after acquiring an additional 1,567,491 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in Trade Desk by 255.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,756,805 shares of the technology company’s stock worth $96,132,000 after acquiring an additional 1,262,492 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in Trade Desk during the 1st quarter worth $66,948,000. Institutional investors own 67.77% of the company’s stock.

Insider Activity

In related news, insider Jay R. Grant sold 51,290 shares of the company’s 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 sale, the insider owned 218,246 shares in the company, valued at $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 5,035 shares in the company, valued at approximately $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 corporate insiders.

Trade Desk Price Performance

Shares of Trade Desk stock opened at $49.90 on Friday. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The stock’s 50-day moving average is $50.74 and its 200 day moving average is $62.50. The firm has a market cap of $24.40 billion, a price-to-earnings ratio of 60.12, a PEG ratio of 2.73 and a beta of 1.38.

Trade Desk (NASDAQ:TTD) last announced its earnings results on Thursday, August 7th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $686.00 million. During the same quarter in the previous year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTD has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $84.00 price objective on shares of Trade Desk in a research report on Monday, September 8th. Wells Fargo & Company set a $53.00 price target on Trade Desk and gave the company an “equal weight” rating in a research report on Monday, October 6th. BMO Capital Markets reduced their price target on Trade Desk from $115.00 to $98.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Rosenblatt Securities reiterated a “buy” rating on shares of Trade Desk in a research report on Friday, August 8th. Finally, Scotiabank reduced their price target on Trade Desk from $83.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, August 8th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.