United Asset Strategies Inc. Buys Shares of 10,673 The Trade Desk $TTD

United Asset Strategies Inc. bought a new stake in shares of The Trade Desk (NASDAQ:TTD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,673 shares of the technology company’s stock, valued at approximately $768,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC boosted its stake in 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 purchasing an additional 270 shares in the last quarter. West Oak Capital LLC lifted 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 acquiring an additional 350 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Trade Desk in the 1st quarter worth $26,000. HighMark Wealth Management LLC raised 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 during the period. Finally, Vermillion Wealth Management Inc. lifted its holdings 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 valued at $36,000 after purchasing an additional 400 shares during the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trade Desk

In related news, 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 transaction of $67,624.60. Following the completion of the transaction, the director owned 5,035 shares in the company, valued at approximately $242,687. This represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.00% of the stock is currently owned by corporate insiders.

Trade Desk Trading Down 0.9%

Shares of NASDAQ:TTD opened at $43.79 on Thursday. The Trade Desk has a 1-year low of $41.77 and a 1-year high of $141.53. The stock has a market capitalization of $21.41 billion, a P/E ratio of 50.33, a P/E/G ratio of 2.31 and a beta of 1.43. The business has a 50-day moving average price of $49.17 and a two-hundred day moving average price of $62.54.

Trade Desk (NASDAQ:TTD) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Trade Desk had a return on equity of 16.00% and a net margin of 15.72%.The business had revenue of $739.43 million during the quarter, compared to the consensus estimate of $719.11 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. Trade Desk has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that The Trade Desk will post 1.06 EPS for the current year.

Trade Desk announced that its board has approved a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TTD. Hsbc Global Res lowered Trade Desk from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Morgan Stanley downgraded shares of Trade Desk from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $80.00 to $50.00 in a report on Wednesday, September 10th. Arete Research upgraded Trade Desk to a “strong sell” rating in a report on Monday, July 28th. Moffett Nathanson lowered Trade Desk from a “neutral” rating to a “sell” rating and set a $45.00 price objective on the stock. in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Trade Desk in a research report on Wednesday, October 8th. Twenty-one research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $78.33.

Trade Desk Company 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.