Pointe Capital Management LLC Acquires Shares of 114,542 The Trade Desk $TTD

Pointe Capital Management LLC purchased a new position in shares of The Trade Desk (NASDAQ:TTD) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 114,542 shares of the technology company’s stock, valued at approximately $8,246,000. Trade Desk accounts for about 4.3% of Pointe Capital Management LLC’s holdings, making the stock its 4th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Banque Cantonale Vaudoise bought a new position in Trade Desk in the 1st quarter valued at $26,000. Sound Income Strategies LLC raised its position in shares of Trade Desk by 317.6% during the 2nd quarter. Sound Income Strategies LLC now owns 355 shares of the technology company’s stock valued at $26,000 after buying an additional 270 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Trade Desk during the 1st quarter valued at $27,000. West Oak Capital LLC raised its position in shares of Trade Desk by 466.7% during the 2nd quarter. West Oak Capital LLC now owns 425 shares of the technology company’s stock valued at $31,000 after buying an additional 350 shares in the last quarter. Finally, HighMark Wealth Management LLC raised its position in shares of 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 buying an additional 151 shares in the last quarter. 67.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on TTD. JMP Securities set a $60.00 price target on shares of Trade Desk and gave the stock a “market outperform” rating in a research note on Tuesday, September 30th. 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. KeyCorp boosted their price target on shares of Trade Desk from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Royal Bank Of Canada dropped their price objective 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. Finally, Wells Fargo & Company set a $53.00 price target on shares of Trade Desk and gave the company an “equal weight” rating in a report on Monday, October 6th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Trade Desk presently has a consensus rating of “Hold” and an average target price of $84.48.

Trade Desk Trading Down 2.3%

TTD stock opened at $49.12 on Tuesday. The Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The company has a 50-day moving average price of $50.42 and a 200 day moving average price of $62.90. The stock has a market cap of $24.02 billion, a PE ratio of 59.18, a P/E/G ratio of 2.68 and a beta of 1.43.

Trade Desk (NASDAQ:TTD) last posted 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). The business had revenue of $694.04 million during the quarter, compared to the consensus estimate of $686.00 million. Trade Desk had a net margin of 15.57% and a return on equity of 15.19%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. Trade Desk has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that The Trade Desk will post 1.06 EPS for the current year.

Insider Transactions at Trade Desk

In related news, insider Jay R. Grant sold 51,290 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were 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 represents a 19.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrea Lee Cunningham sold 1,403 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $48.20, for a total transaction of $67,624.60. Following the completion of the sale, the director owned 5,035 shares of the company’s stock, valued at approximately $242,687. This trade represents a 21.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 10.00% of the stock is owned by corporate insiders.

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.