Bank of Jackson Hole Trust Sells 807 Shares of The Trade Desk $TTD

Bank of Jackson Hole Trust trimmed its position in shares of The Trade Desk (NASDAQ:TTD) by 24.4% during the second quarter, HoldingsChannel reports. The firm owned 2,495 shares of the technology company’s stock after selling 807 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Trade Desk were worth $180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTD. Banque Cantonale Vaudoise bought a new position in shares of Trade Desk during the first quarter worth $26,000. Sound Income Strategies LLC boosted its position in shares of 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 purchasing an additional 270 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Trade Desk during the first quarter worth $27,000. von Borstel & Associates Inc. bought a new position in shares of Trade Desk during the first quarter worth $31,000. Finally, West Oak Capital LLC boosted 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. 67.77% of the stock is owned by institutional investors.

Trade Desk Price Performance

Shares of NASDAQ:TTD opened at $51.67 on Wednesday. The company’s 50-day moving average price is $50.66 and its two-hundred day moving average price is $62.80. The Trade Desk has a one year low of $42.96 and a one year high of $141.53. The stock has a market capitalization of $25.26 billion, a PE ratio of 62.25, a price-to-earnings-growth ratio of 2.86 and a beta of 1.38.

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

Analyst Ratings Changes

TTD has been the topic of a number of recent analyst reports. Hsbc Global Res cut shares of Trade Desk from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Guggenheim set a $55.00 price objective on shares of Trade Desk and gave the company a “buy” rating in a research report on Monday, September 29th. Morgan Stanley cut shares of Trade Desk from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $80.00 to $50.00 in a research report on Wednesday, September 10th. Oppenheimer boosted their price objective on shares of Trade Desk from $80.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Finally, BMO Capital Markets cut their price objective on shares of Trade Desk from $115.00 to $98.00 and set an “outperform” 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.48.

Insider Activity

In other Trade Desk news, insider Jay R. Grant sold 51,290 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $91.18, for a total transaction of $4,676,622.20. Following 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 SEC, which is available through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $48.20, for a total transaction of $67,624.60. Following the sale, the director directly owned 5,035 shares in the company, valued at $242,687. This trade represents a 21.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.