The Trade Desk $TTD Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its position in The Trade Desk (NASDAQ:TTD) by 8.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 52,074 shares of the technology company’s stock after selling 4,905 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Trade Desk were worth $3,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its position 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 purchasing an additional 270 shares during the period. West Oak Capital LLC grew its position 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 purchasing an additional 350 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Trade Desk during the 1st quarter worth about $26,000. HighMark Wealth Management LLC grew its position in Trade Desk by 46.2% during the 2nd quarter. HighMark Wealth Management LLC now owns 478 shares of the technology company’s stock worth $34,000 after purchasing an additional 151 shares during the period. Finally, Vermillion Wealth Management Inc. grew its position in Trade Desk by 400.0% during the 2nd quarter. Vermillion Wealth Management Inc. now owns 500 shares of the technology company’s stock worth $36,000 after purchasing an additional 400 shares during the period. 67.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the stock in a transaction that occurred on 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 sale, the insider 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of Trade Desk 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 owned 5,035 shares in the company, valued at approximately $242,687. The trade was a 21.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 10.00% of the company’s stock.

Wall Street Analyst Weigh In

TTD has been the topic of several analyst reports. BMO Capital Markets cut 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. Weiss Ratings reissued a “hold (c)” rating on shares of Trade Desk in a research note on Friday. Royal Bank Of Canada lowered their target price on shares of Trade Desk from $100.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. BTIG Research lowered shares of Trade Desk from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. Finally, KeyCorp increased their target price on shares of Trade Desk from $80.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $84.48.

Trade Desk Trading Down 3.9%

Shares of Trade Desk stock opened at $52.00 on Friday. The firm has a market capitalization of $25.42 billion, a PE ratio of 62.65, a P/E/G ratio of 2.78 and a beta of 1.38. The Trade Desk has a twelve month low of $42.96 and a twelve month high of $141.53. The firm’s 50-day moving average price is $50.71 and its 200 day moving average price is $62.73.

Trade Desk (NASDAQ:TTD) last issued 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 company had revenue of $694.04 million during the quarter, compared to analysts’ expectations of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. Trade Desk has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that The Trade Desk will post 1.06 EPS for the current fiscal year.

Trade Desk Profile

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.