Independent Solutions Wealth Management LLC Increases Holdings in The Trade Desk $TTD

Independent Solutions Wealth Management LLC grew its holdings in shares of The Trade Desk (NASDAQ:TTD) by 4.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,160 shares of the technology company’s stock after buying an additional 2,698 shares during the period. Trade Desk accounts for about 1.0% of Independent Solutions Wealth Management LLC’s holdings, making the stock its 29th largest holding. Independent Solutions Wealth Management LLC’s holdings in Trade Desk were worth $4,979,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock worth $26,000 after buying an additional 270 shares during the last quarter. West Oak Capital LLC increased its position in shares of Trade Desk by 466.7% during the second quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock worth $31,000 after purchasing an additional 350 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Trade Desk during the first quarter worth about $26,000. HighMark Wealth Management LLC increased its position in shares of Trade Desk by 46.2% during the second quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares in the last quarter. Finally, Vermillion Wealth Management Inc. increased its position in shares of Trade Desk by 400.0% during the second quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. 67.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction on 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 approximately $19,899,670.28. This represents a 19.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the stock in a transaction 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 sale, the director owned 5,035 shares in the company, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. KeyCorp lifted their target price on Trade Desk from $80.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Needham & Company LLC restated a “buy” rating and issued a $84.00 price target on shares of Trade Desk in a research report on Monday, September 8th. Oppenheimer boosted their price target on Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. JMP Securities set a $60.00 price target on Trade Desk and gave the company a “market outperform” rating in a research report on Tuesday, September 30th. Finally, BTIG Research cut Trade Desk from a “buy” rating to a “neutral” rating 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 three have given a Sell rating to the stock. Based on data from MarketBeat.com, Trade Desk has an average rating of “Moderate Buy” and a consensus price target of $84.48.

Trade Desk Price Performance

TTD opened at $53.14 on Tuesday. The stock has a market cap of $25.98 billion, a P/E ratio of 64.02, a P/E/G ratio of 2.76 and a beta of 1.38. The stock’s 50 day simple moving average is $56.38 and its 200 day simple moving average is $62.89. 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 results 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 during the quarter, compared to analyst estimates of $686.00 million. Trade Desk had a return on equity of 15.19% and a net margin of 15.57%.The business’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. Research analysts expect that The Trade Desk will post 1.06 EPS for the current fiscal year.

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.